Question

What was the central assumption that the Reagan administration's supply-side economic policies depended on?(1 point) Responses that providing tax relief to the rich would lead to increased spending and investment, stimulating economic growth that providing tax relief to the rich would lead to increased spending and investment, stimulating economic growth that increasing spending on social programs would improve the nation's standard of living, ensuring economic stability that increasing spending on social programs would improve the nation's standard of living, ensuring economic stability that regulating business would help to protect valuable natural resources, ensuring economic stability that regulating business would help to protect valuable natural resources, ensuring economic stability that imposing strict barriers to trade would promote domestic competition, stimulating economic growth

Answer 1

[AI-generated answer — Bot GPT 3.5]

Responses that providing tax relief to the rich would lead to increased spending and investment, stimulating economic growth.