In the 1970s and 1980s, critics of high levels of state intervention
in the economy blamed slow economic growth and high unemployment on a number of factors, including:
a. low tax rates that contributed to economic inequality.
b. deregulation that made it easy for businesses to push spillover costs onto the public.
c. cuts in government spending that made it harder to address social problems.
d. welfare policies that discouraged people from working.
Answer: d
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What is income security?
a. the belief that individuals should be responsible for creating their own financial security through income, not through government handouts b. the concept that the government should establish programs that provide a safety net for society's poorest members c. the notion that the government should regulate Social Security in order to ensure benefits for future generations d. a program that provides a minimal pension for older Americans, retirement-age surviving spouses, and dependents
Monetary policy as instituted in the United States under President Reagan aimed at lowering
a. inflation b. debt c. taxation d. deficit