A Significant Problem with the Implementation of Supply-Side Economic Policies

question 38

Multiple Choice

A significant problem with the implementation of supply-side economic policies under both Reagan and George W.Bush is that

• A)government spending was allowed to increase despite declines in government revenues.
• B)promised tax cuts were never delivered, leading to a decline in consumer confidence.
• C)decreased government spending lowered the demand for goods, offsetting the effect of tax rebates.
• D)the American people are not generally supportive of lowering taxes.
• E)the federal deficit was allowed to drop too low, resulting in an inflationary economy.

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Definitions:

Persuasive

Capable of convincing someone to do or believe something through reasoning or the use of emotion.

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Referring to the use of imagination or original ideas to create something; often associated with innovation in design, marketing, and problem-solving.

Advertising Objectives

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Identifying Audience

The process of determining who the target consumers are for a product or service.