Answer:
reducing taxes.
Explanation:
According to Reagan's supply-side economics, the first step to triggering the cycle of growth was "reducing taxes."
The whole idea was described as Reaganomics and it is based on the belief that reducing taxes would ensure that big corporations or private employers would derived advantage which will trickle down to everyone else through an increase in employment by these employers and production of goods and services at a lower price
The first step to triggering the cycle of growth according to president Reagan's supply-side economics was reducing taxes.
Supply-side economics is a macroeconomic theory in which focus is given on supply side. In this theory, tax reduction, decrease in regulation will ultimately improve the economic growth.
Producers will pass on the benifits to employees and on production front the produce will be more with lower prices.
Reducing taxes as per supply side economics will trigger a cycle of growth. Hence Option A is correct.
Learn more about Supply-side economics here,
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