Fiscal Policy Under the Reagan Administration Was Intended To

question 81

Multiple Choice

Fiscal policy under the Reagan administration was intended to:

• A)stimulate the economy by decreasing taxes in order to increase consumption.
• B)increase tax revenues by increasing the tax rate.
• C)balance the budget by increasing defense spending and increasing taxes.
• D)stimulate the economy by decreasing taxes in order to increase aggregate supply.
• E)stimulate the economy by increasing government spending in order to increase aggregate supply.

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Definitions:

Chargaff's Rules

Empirical rules stating that DNA from any cell of any organisms has a 1:1 ratio of pyrimidine and purine bases (cytosine to guanine and adenine to thymine).

Purines

Nitrogenous bases found in DNA and RNA that include adenine and guanine.

Pyrimidines

One of the two types of nitrogenous bases found in nucleic acids, characterized by a single ring structure, and includes cytosine, thymine (DNA only), and uracil (RNA only).

Semiconservative Replication

The process by which DNA duplicates itself, where each new DNA molecule consists of one old strand and one newly synthesized strand.