Question

In general terms, how, according to the Council of Economic advisers, did the U.S. economy in 1989 contrast with the U.S. economy in 1981?

Answer 1

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Despite the recession, Reagan was able to raise the GDP in 1981 despite that tax cuts that he had done compared to what Carter did in 1989.The US suffered recession during the Vietnam War, thus the funds were concentrated in that sector in government.