The main component and key to success to Reaganomics was reduction in government spending.
<h3>What is Reaganomics?</h3>
This is the term that is used to refer to the government and the economic policies of Ronald Reagan. The purpose of the policy was to help to stimulate the United States government. The policy was contractionary in nature.
He advocated for a reduction in the way that government spent money, reduced taxes and also for less government regulations in businesses.
The result of this policy was that he helped to ensure that poverty was reduced in the country. Although it raised the levels of income inequality also in the nation.
Economics have stated that the policies of this president helped the nation to achieve great long time economic expansion.
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Answer:
Tax multiplier = 3
Explanation:
Given:
Current MPC = 0.75
Find:
Tax multiplier
Computation:
Tax multiplier = MPC / [1 - MPC]
Tax multiplier = 0.75 / [1 - 0.75]
Tax multiplier = 0.75 / 0.25
Tax multiplier = 3
Answer:
The tendency to develop some types of cancer is believed to be inherited — that is, the genes you were born with might carry a predisposition for cancer.
Explanation:
The function with the steepest slope is the function which has the maximum absolute value of the slope. Hence, the function with the steepest slope is y = - 8x + 5
The general form of a linear equation is given as :
- y = bx + c ; <em>b = slope </em>
<u>Evaluating the linear expressions given</u><em> </em><em>:</em><em> </em>
A.)
y = - 8x + 5
b = - 8 ;
|b| = 8
B)
y minus 9 = negative 2 (x + 1)
y - 9 = - 2(x + 1)
y - 9 = - 2x - 2
y = - 2x - 2 + 9
y = -2x + 7
Hence, b = - 2
|b| = 2
C)
y = 7 x minus 3
y = 7x - 3
Hence, b = 7
|b| = 7
D)
y + 2 = 6 (x + 10)
y + 2 = 6x + 60
y = 6x + 60 - 2
y = 6x + 58
Hence, b = 6
|b| = 6
Therefore, the function which has the steepest slope is y = -8x + 5
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