According to president reagan’s model for supply-side economics, the first step to triggering a cycle of growth was reducing tax

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ioda

3 years ago

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According to president reagan’s model for supply-side economics, the first step to triggering a cycle of growth was reducing tax

es. raising taxes. regulating businesses. creating government programs.

Business

1 answer:

jenyasd209 [6] · Answer 1 · 2022-12-02T07:53:52+03:00

President Reagan's model for supply side economics emphasised on reducing taxes as the first step for triggering the cycle of Growth.

<h3>What is supply-side economics?</h3>

Supply-side economics is a macroeconomic theory in which focus is given on supply side. In this theory Tax reduction ,decrease in regulation will ultimately improve the economic growth.

Producers will pass on the benifits to employees and on production front the produce will be more with lower prices.

Reducing taxes as per supply side economics will trigger a cycle of growth. Hence Option A is correct.

To know more about Supply side economics click on the link below:

brainly.com/question/1054040