THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the nickname given for supply-side economics?
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Laissez faire
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Reaganomics
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W.I.N.
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Trickle up economics
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Explanation:
Detailed explanation-1: -President Ronald Regan was a staunch believer in supply-side economics, resulting in the name “Reaganomics.” It is also known as trickle-down economics .
Detailed explanation-2: -The administration of Republican president Ronald Reagan promoted its fiscal policies as being based on supply-side economics. Reagan made supply-side economics a household phrase and promised an across-the-board reduction in income tax rates and an even larger reduction in capital gains tax rates.
Detailed explanation-3: -Ronald Reagan’s economic policies, dubbed “Reaganomics” by opponents, included large tax cuts and were characterized as trickle-down economics.
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