Question

How did “trickle-down economics” differ from economic strategies used in previous administrations?

1. It used deregulation of industry to spur economic growth.
2. It focused on balancing the budget by increasing revenue.
3. It involved cutting taxes for those at the top of the economic ladder.
4. It wanted to improve life for the working-class and businesspeople.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Trickle-down economics differed from economic strategies used in previous administrations in that it involved cutting taxes for those at the top of the economic ladder, rather than focusing on balancing the budget by increasing revenue. Additionally, trickle-down economics focused on deregulation of industry to spur economic growth, rather than implementing policies that aimed to improve the lives of the working class and businesspeople.