Explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics

1 answer:

4 0

The assumptions are that if you cut taxes and costs for companies, then the company owners and investors will be able to bring about the growth of economy and employ more people. The benefits were that the economy entered a peacetime and people were generally living better. The bad side was that public debt increased by a lot and this would come back to haunt the people later after Reagan was long gone.

You might be interested in

Dr. Michael DeBakey is best known for his contributions in the field of —

Alla [95]

The correct answer is C. Medicine.

Dr. DeBakey was a well known cardiac surgeon. This means that he worked on the heart constantly during his operations. One of his crowning accomplishments was his help in developing the idea of a MASH. MASH (Mobile Army Surgical Hospital) was a medical unit used during World War II that served as a fully functioning hospital in combat areas. This helped soldiers to receive quicker medical attention after suffering injuries.

3 0

3 years ago

What form of writing is displayed in the image above and who invented this writing?

nadya68 [22]

Answer:

Cuneiform (Ancient Mesopotamia)

Explanation:

Cuneiform was used mainly in Mesopotamia but also in parts of Persia as well. These symbols were writen using a sharp reed by making imprints on wet clay tablets. This writing system was invented by Ancient Sumerians. Cuneiform was used from around 3500-3000 BCE.

6 0

3 years ago

Which rights were granted to many citizens in the English bill of rights?

kupik [55]

Also known as the Bill of rights established in 1689. This lays down the power of Monarchs and set out the rights of parliament including free elections an freedom of speech.

It sets out certain rights of individuals including the prohibition of cruel and unusual punishment and reestablished the right of protestants to have arms for their defence within the rule of law.

3 0

3 years ago

Three reasons why Harold went against King Edward’s wishes over the rising against Tostig.

lukranit [14]

What the are the answer choices????/

6 0

3 years ago

During the Industrial Revolution, this newly created method of transportation helped transport goods and people, encouraged trav

never [62]

Answer:

I could be wrong im not entirely sure but I think the answer would be automobile

7 0

3 years ago