During the 1980 presidential campaign, Ronald Reagan promised to cut taxes, increase expenditures on national defense, and
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During the 1980 presidential campaign, Ronald Reagan promised to cut taxes, increase expenditures on national defense, and balance the budget. During the New Hampshire primary of 1980, George Bush called this policy “voodoo economics.” The two men were arguing about the relative merits of supply-side economics. Explain their disagreement.
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A policy of cutting taxes and increasing expenditures on national defense should be inconsistent ...View the full answer
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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