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In Opposition to Keynesianism, Reagan and Other Conservative Leaders Championed

Question 22

Multiple Choice

In opposition to Keynesianism, Reagan and other conservative leaders championed "supply" side economics, meaning


A) individual Americans must be supplied with as much money as possible through tax cuts so that they would consume more.
B) in order to stimulate economic growth, one must stimulate production, the "supply" side of the . market, rather than consumption, the "demand" side.
C) that the labor supply is the crucial element in economic growth; minimum wage standards must be lowered to insure higher employment.
D) all of the choices are correct.

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