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Continue Learning about American Government
An economic policy that advocated a reduction in government spending and cuts in personal income taxes is?
reagonomics
Does tax cut increase aggregate real income by the amount of the tax reduction?
It depends on who gets the tax reduction. When poverty stricken people receive a tax reduction, the money stays in their community. The latest experiment with trickle down economics did something else. A number of rich people invested their money in opportunities in China and India. The money trickled down to the people in those countries. It did not increase anyone's income in the United States except the original recipient.
What did the two Hoover commissions recommend?
The reduction of presidential term limits and the creation of beaurocratic agencies such as dept of Labor
Wilson favored a reduction of tariffs because he believed lowered tariffs would?
make American industry more efficient.
Wilson favored a reduction of tariffs because he belived lowered tariffs would?
Make American industry more efficient.
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