What was the central assumption that the Reagan administration's supply-side economic policies depended on?(1 point)

Question

Responses

that increasing spending on social programs would improve the nation's standard of living, ensuring economic stability
that increasing spending on social programs would improve the nation's standard of living, ensuring economic stability

that regulating business would help to protect valuable natural resources, ensuring economic stability
that regulating business would help to protect valuable natural resources, ensuring economic stability

that imposing strict barriers to trade would promote domestic competition, stimulating economic growth
that imposing strict barriers to trade would promote domestic competition, stimulating economic growth

that providing tax relief to the rich would lead to increased spending and investment, stimulating economic growth

Answer 1

The central assumption that the Reagan administration's supply-side economic policies depended on was that providing tax relief to the rich would lead to increased spending and investment, stimulating economic growth.