asked 31.3k views
0 votes
What was the initial result of the Reagan tax cuts?

asked
User Janisz
by
8.2k points

1 Answer

3 votes

Answer:

interest rates grew

Step-by-step explanation:

high interest rates resulted in an increase in the value of the dollar around the world. As American goods became more expensive overseas, fewer people bought them, and the number of exports decreased. As the price of goods in America also increased, the number of imports increased as citizens looked overseas to find lower prices for certain purchases.

answered
User NiCk Newman
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.