Question

What was one troublesome result of Reagan's tax cuts?

A. The economy began to recover.
B. Citizens kept and spent more of their own money.
C. Inflation got out of control in the mid-1980s.
D. The national debt grew rapidly.

Answer 1

Good Morning! Like J. F. Kennedy, Reagan's rate cutting policy was built to encourage consumption. Reagan and Kennedy succeeded, contrary to what progressive economists believed, to provide an economic recovery. Nevertheless, to cope with growth, it was necessary for the state to provide more money, which generated rapid national debt growth. Answer: d) National debt grew rapidly. Hugs!