Quiz on lesson “Do Tax Cuts Stimulate The Economy?”

1. What was the main issue that Ronald Reagan’s administration aimed to tackle when he took office in 1981?

A) High unemployment rates

B) Peacetime high inflation rate

C) A struggling US economy

2. What was the main idea behind trickle-down economics introduced by Reagan’s administration?

A) Cutting taxes for large corporations and high-income earners

B) Increasing government's tax revenue

C) Improving people's lives

3. What was the result of tax cuts introduced by Reagan’s administration on the economy and people’s lives?

A) It had a positive effect on the economy and people's lives

B) The effect is complex and unique to each time and place

C) It had a negative effect on the economy and people's lives

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