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FSOT Full Test Bank

Category - US Society

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What was the basic premise behind supply-side economics?

Government spending would spur economic growth.
Tax cuts would spur economic growth.
Subsidies for major oil suppliers would spur the economy.
Military spending would spur the economy.

Explanation

Answer: B - The basic premise behind supply-side economics was that tax cuts would spur the economy. The idea was that tax cuts would increase the incentive to invest and that those investments would spur economic growth, benefiting everyone.

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