Question

The supply-side economics of President Ronald Reagan and President George Bush favored

a. raising tariffs to increase the number of imports.
b. increasing Federal taxes to support social welfare programs.
c. providing incentives to stimulate business growth.
d. establishing government programs to provide jobs for the unemployed.

Answer 1

The answer on the question above is letter B. Increasing Federal taxes to support social welfare programs.

Reagan and Bush (father and son) solved the nation's economic problem through the following economic policies:
*budget cuts
*tax cuts
* increased defense spending/deep cuts on government spending on social programs.