Which USpresident,when Asked Why He Had Proposed a Tax Cut,responded by by Saying

question 50

Multiple Choice

Which U.S.president,when asked why he had proposed a tax cut,responded by saying "To stimulate the economy.Don't you remember your Economics 101?"

• A)Dwight D.Eisenhower
• B)John F.Kennedy
• C)Ronald Reagan
• D)Bill Clinton

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Definitions:

Notes Payable

A financial obligation represented by a written promise to pay a certain amount on a specific future date or dates, typically encompassing loans or credit extended by one party to another.

Contra Account

An account that is used to offset another account on the balance sheet, such as accumulated depreciation for fixed assets.

Legal Liability

The responsibility imposed by law to compensate for or rectify any harm, loss, or damage one's actions or decisions have caused to others.

Sales Taxes

These are taxes imposed by governments on the sale of goods and services.