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Reaganomics: Quiz

  
  

Question 1: According to a 1996 study[34] from the libertarian think tank ________:
Fusionism (politics)Friedrich von HayekCato InstituteAnarcho-capitalism

Question 2: What does the following picture show?

  Reagan gives a televised address from the Oval Office, outlining his plan for Tax Reduction Legislation in July 1981
  Critics often point to a decrease in tax revenue as an effect of supply-side economics.[36]
  US demographic window, initial peak c. 1980 (US is light green).

Question 3: In 1983, Democrats ________ and Dick Gephardt had offered a proposal to clean up/broaden the tax base; in 1984 Reagan had the Treasury Department produce its own plan.
Bill BradleyPatrick EwingLarry Brown (basketball)Isiah Thomas

Question 4: What does the following picture show?

  Oil prices 1968–2006; peak is 1980, with steep decline over 1980s.
  Critics also point to declining real wages as a response to Reaganomics.[38]
  The Laffer curve posits that there is a revenue-maximizing tax rate beyond which revenue falls, so if the tax rate is above this level, cutting taxes paradoxically increases revenue.
  Critics also point to declining real wages as a response to Reaganomics.[38]

Question 5: What does the following picture show?

  Critics often point to a decrease in tax revenue as an effect of supply-side economics.[36]
  Reagan gives a televised address from the Oval Office, outlining his plan for Tax Reduction Legislation in July 1981
  US demographic window, initial peak c. 1980 (US is light green).

Question 6: ________. http://www.heritage.org/research/economy/wm1311.cfm.
Reagan DoctrineMichael Johns (executive)Ronald ReaganThe Heritage Foundation

Question 7:
Reaganomics, Jim Crow laws and Gerrymandering are all:
American political terms United States federal budgets Political economy Economic history of the United States

Question 8:
Reaganomics, Karl Marx and Capitalism are all:
Article Feedback Pilot Presidency of Ronald Reagan United States federal budgets Political economy

Question 9: In his 1980 campaign speeches, Reagan presented his economic proposals as merely a return to the free-enterprise principles that had been in favor before the ________.
United StatesFederal Reserve SystemRepublican Party (United States)Great Depression

Question 10: What does the following picture show?

  Critics often point to a decrease in tax revenue as an effect of supply-side economics.[36]
  Critics often point to a decrease in tax revenue as an effect of supply-side economics.[36]
  President Ronald Reagan signs the Economic Recovery Tax Act of 1981 at his California ranch.
  The Laffer curve posits that there is a revenue-maximizing tax rate beyond which revenue falls, so if the tax rate is above this level, cutting taxes paradoxically increases revenue.
















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