Question
How did "trickle-down economics" differ from economic strategies used in previous administrations?
(1 point)
• It used deregulation of industry to spur economic growth.
• It focused on balancing the budget by increasing revenue.
• It involved cutting taxes for those at the top of the economic ladder.
• It wanted to improve life for the working-class and businesspeople.
(1 point)
• It used deregulation of industry to spur economic growth.
• It focused on balancing the budget by increasing revenue.
• It involved cutting taxes for those at the top of the economic ladder.
• It wanted to improve life for the working-class and businesspeople.
Answers
GPT-4o mini
The primary difference of "trickle-down economics" from economic strategies used in previous administrations is that **it involved cutting taxes for those at the top of the economic ladder**. This approach posits that benefits provided to the wealthy and businesses will ultimately "trickle down" to the rest of the population, promoting overall economic growth.