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What was one troublesome result of Reagan's tax cuts? A.) the economy began to recover. B.) inflation got out of control in the mid- 1980s C.) citizens kept and spent more of their own money. D.) the national dept grew rapidly

Mindee Nelson

in History

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Ramon Kelly on December 7, 2018

The correct answer is C. the citizens kept and spent more of their own money. "Reagon and his advisers in the economic policies on the theory of 'the supply side of the economy. This theory is based on the idea that if taxes are reduced, people will work more and have more money to spend. This spending will stimulate the economy and the economic expansion in turn would generate more tax revenue for the government." -pennfoster high school


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