What Did President Ronald Reagan and Congress Do in 1981

question 60

Multiple Choice

What did President Ronald Reagan and Congress do in 1981 to increase aggregate supply?

• A) increase federal spending increased on wars in and social programs at home
• B) impose ceilings on prices and wages to combat inflation
• C) stabilize the value of the U.S. dollar
• D) cut personal income tax rates by an average of 23 percent
• E) raise personal income tax rates by an average of 23 percent

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Definitions:

Competitors

Entities or individuals that compete within the same market, offering similar products or services to the same customer base.

Strategic Planning

A methodical procedure for imagining a preferred future and converting this vision into general objectives and a series of actions to realize them.

Marketplace

An open environment for buying and selling goods, services, or ideas, either physically or online.