THE RISE OF POLITICAL CONSERVATISM 1980 1992
REAGANOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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reducing government spending
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undoing government regulations
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controlling the money supply
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supporting organized labor
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Detailed explanation-1: -The four main pillars of Reaganomics were tax cuts, deregulation, cuts to domestic social spending, and reducing inflation.
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.
Detailed explanation-3: -Reaganomics was based on the theory of supply-side economics. This theory proposes that tax cuts encourage economic expansion enough to broaden the tax base over time. The increased revenue from a stronger economy is supposed to offset the initial revenue loss from the tax cuts.
Detailed explanation-4: -Economic policies of Reagan: tax cuts, decreased social spending, increased military spending, and deregulation of domestic markets.