FIRST CONTACTS 28000 BCE 1821 CE
NATIVE AMERICANS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In an approach to economic policy that came to be called “Reaganomics, “ President Ronald Reagan sought to keep interest rates high while
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cutting spending to reduce the budget deficit
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increasing the amount of money in circulation
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borrowing heavily to build up the military
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asking Congress to pass a huge tax cut
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Explanation:
Detailed explanation-1: -Cutting federal income taxes, cutting the U.S. government spending budget, cutting useless programs, scaling down the government work force, maintaining low interest rates, and keeping a watchful inflation hedge on the monetary supply was Ronald Reagan’s formula for a successful economic turnaround.
Detailed explanation-2: -Reaganomics was built upon four key concepts: (1) reduced government spending, (2) reduced taxes, (3) less regulation, and (4) slowdown of money supply growth to control inflation.
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