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kodGreya [7K]
3 years ago
8

can someone help me? I'm not getting this question.. In 2001, President George W. Bush signed the Economic Growth and Tax Relief

Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush’s approach to economics was very similar to that of President Reagan’s. Explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics.
History
2 answers:
Oksana_A [137]3 years ago
7 0
The phenomena that describe the direct relationship between money and spending is called the supply-side economics. This theory support Reagan and Bush beliefs of cutting the taxes encourage the people to work more and at the same time give back to the economy through consumer spending; it also allows more investors in business and industry. Unfortunately, the side effect of Reaganomics is the economic recession; it causes a high rate of unemployment for farmers and employees.
KIM [24]3 years ago
3 0

According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.

The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).

In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.

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have a nice day hoped it helped

6 0
2 years ago
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Think of it like this.  If you could get a new cell phone for ten bucks, you'd want it, right?  In fact, pretty much EVERYONE would want it.  This means the quantity demanded will be high: more people want it.  BUT, if it goes up to $1,000, I bet you wouldn't want it that badly!  The quantity demanded will go down, because less people want to buy it.  It's the same thing with the chocolate bar.  Since the price goes up, the quantity demanded will go DOWN, because less people want to buy it now that it's more expensive.  The student's answer is incorrect.

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7 0
3 years ago
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larisa86 [58]
The correct answer is <span>anti-miscegenation. Anti-miscegenation means being against interracial marriage or interracial relationship. This was legal in the old times and until 1967 it was illegal in some places for African-Americans to be in a relationship with Caucasian people. It changed thanks to the supreme court.</span>
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Explanation:

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I hope this helps

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