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:

Supply and Demand

The fundamental economic concept that describes the relationship between the availability of goods (supply) and the desire for them (demand), influencing price and availability.

Desirability

The quality of being appealing, attractive, or sought-after, often in the context of products, traits, or attributes.

Availability

The extent to which a product, service, or resource is accessible and usable upon demand.

Tertiary Sector

represents the part of the economy concerned with services, as opposed to the extraction of raw materials or manufacturing.