The Tax Cuts Passed During the Reagan Administration Were Designed

question 124

Multiple Choice

The tax cuts passed during the Reagan administration were designed primarily to:

• A)boost savings among consumers.
• B)shift the aggregate demand curve rightward.
• C)reduce the balance-of-payments deficit.
• D)increase the supply of productive resources.
• E)increase the tax base and include more tax payers.

---

Definitions:

Banquet

A large, formal meal for many people, often followed by speeches or entertainment.

Autocratic Tone

A communication style characterized by authoritative, dictatorial, and controlling language.

Instructions

Detailed information telling how something should be done, operated, or assembled.

Contract

A legally binding agreement between two or more parties that outlines terms and conditions, rights, and duties related to a specific transaction or arrangement.