Which of the Following Statements About the Tax Cut Enacted

question 82

Multiple Choice

Which of the following statements about the tax cut enacted in 1981 is correct?

• A) The tax cut caused the recession of 1982.
• B) The tax cut and the recession of 1982 combined to produce one of the largest peacetime deficits ever experienced up to that time.
• C) The tax cut stimulated a large increase in economic activity and led directly to the balanced budget of 1982.
• D) The tax cut was opposed by supply-side economists.
• E) The tax cut was favored by Congress but opposed by the president and passed over his veto.

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Definitions:

Self-Worth

An individual's subjective valuation of themselves, affecting their confidence and self-esteem.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Self-Concept

Self-Concept is an individual's perception of themselves, encompassing beliefs about one's own abilities, appearance, and personality, and how these beliefs shape one's identity and behavior.

Self-Respect

The regard for one's own well-being and dignity, often manifesting as confidence and pride in oneself.