Check all of the following that are true. Question 59 options: GDP growth rates skyrocketed following the recession, and even the worst year of economic growth (2.8 percent in 1989) in the 1980s was better than the best year of growth during the Obama administration (2.7 percent in 2014) Reagan famously summed up his view of government intervention in the economy during his first inaugural address by declaring, "In this present [economic] crisis, government is not the solution to our problem. Government is the problem." Once the tax rate reductions took affect in 1982, unemployment peaked at 10.8 percent but began to fall much more slowly than it did during the recovery in the 2010s The Reagan administration responded with a tax rate reduction across all brackets, most notably reducing the top marginal tax rate from 70 percent down to 50 percent in 1981 legislation and further lowering it to 28 percent in 1986