Asked by
Sultan Almarri
on Oct 22, 2024Verified
Following the recent economic recession that began in 2008,many Tea Party Republican politicians proposed cutting taxes for the wealthy as a way to boost the economy.In doing so,which tradition are they following?
A) the Taft-Hartley Act
B) the New Deal
C) the War on Poverty
D) Reaganomics
Economic Recession
A period of temporary economic decline during which trade and industrial activities are reduced.
Tea Party
A political movement in the United States advocating for lower taxes, reduced government spending, and conservative economic policies.
Reaganomics
An economic policy implemented during the presidency of Ronald Reagan, focusing on tax cuts, deregulation, and a decrease in government spending to fuel economic growth.
- Assess the consequences of governmental actions and schemes on the distribution of economic wealth.
Verified Answer
VR
Learning Objectives
- Assess the consequences of governmental actions and schemes on the distribution of economic wealth.