THE 1970S 1969 1979
FOREIGN POLICIES OF PRESIDENT NIXON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reaganomics
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Trade Imbalance
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Iran-Contra Affair
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Heritage Foundation
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Detailed explanation-1: -What Were the Goals of Reaganomics? Reaganomics sought to reduce the cost of doing business, by reducing tax burdens, relaxing regulations and price controls, and cutting domestic spending programs. Reagan also sought to reduce inflation by tightening the money supply.
Detailed explanation-2: -They sought to fund social service programs. *They sought to lower tax rates for all Americans. 2. What means was used to generate revenue under the system known as “Reaganomics"? raising taxes for the wealthiest Americans.
Detailed explanation-3: -President Ronald Regan was a staunch believer in supply-side economics, resulting in the name “Reaganomics.” It is also known as trickle-down economics. The intended goal of supply-side economics is to explain macroeconomic occurrences in an economy and offer policies for stable economic growth.