Question

The belief that lowering taxes on the wealthiest portion of the population would create jobs was called:

Select one:

a.
Keynesianism

b.
Mercantilism

c.
Reaganomics

d.
Social Medicine

Answer 1

C. Reaganomics

Step-by-step explanation:

supply-side economics, also calledtrickle-down economics, theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods. It was expounded by the U.S. economist Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.