Supporters of supply-side economics claim that Reagan's tax policies were quite successful in stimulating the economy because

A. inflation rates fell sharply from the high rates of 1980 and 1981.
B. throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut.
C. almost immediately after the tax cuts, the economy expanded and the recession of 1980-1982 came to an end.
D. all of the above.


Answer: D

Economics

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