1.The Trump Administration has begun sending American families checks in an attempt to cause aggregate ______ to...
Question:
1.The Trump Administration has begun sending American families checks in an attempt to cause aggregate ______ to increase.If history on the economy is any guide, these checks will______________.However, under ________________ more permanent cuts in income tax rates led to:
a.Demand; have very little, if any lasting effects.John F. Kennedy and Ronald Reagan; prolonged increases in aggregate demand and even greater increases in aggregate supply.
b.Quantity demanded; cause inflation; President Obama; one of the largest recoveries since World War II.
c.Supply; cause aggregate demand to increase by a larger amount and trigger inflation.George H.W. Bush; increases in aggregate demand - but only by a small amount.
d.Demand; cause inflation; Franklin D. Roosevelt and Dwight Eisenhower; increases in aggregate supply and offsetting effects on inflation.
e.None of the above.