The Reagan Administration's Idea That Tax Cuts Would Ultimately Generate

question 10

True/False

The Reagan administration's idea that tax cuts would ultimately generate more,not less,government revenue by allowing for increased investments and productivity is known as supply-side economics.

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, and preferences.

Experience

The knowledge or skill acquired through direct observation or participation in events or activities.

Imitating Behaviour

is the act of copying the actions, attitudes, or mannerisms of another individual or group, often as a way to learn or fit in socially.

Shaping

A process in psychology where desired behavior is taught by reinforcing any steps that are closer to the target behavior.