At the beginning of the Reagan presidency, the President proposed a substantial tax cut and suggested that this policy would attack the very high levels of inflation. From the point of view of traditional, Keynesian macroeconomics, this policy seemed: well-advised because a tax cut is expansionary fiscal policy that reduces inflationary pressures. well-advised because a tax cut is contractionary fiscal policy that reduces inflationary pressures. poorly-advised because a tax cut is expansionary fiscal policy that increases inflationary pressures. poorly-advised because a tax cut is expansionary monetary policy that increases inflationary pressures. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.