THE RISE OF POLITICAL CONSERVATISM 1980 1992
REAGANOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Broad tax cuts, cuts to the federal budget, and increased military spending, Reagan believed all of these would promote economic expansion, these are examples of what policy:
|
|
Reaganomics
|
|
|
Strategic Defense Initiative
|
|
|
Containment
|
|
|
Fiscal Responsibility
|
Explanation:
Detailed explanation-1: -The pillars of Reagan’s economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.
Detailed explanation-2: -Economic Costs The budget deficit increased from $74 billion in 1980 to $221 billion in 1990. The budget deficit as a % of GDP increased from 2.6% in 1980 to 2.7% in 1989. The national debt as a percentage of GDP increased by 62% from 30.9% in 1981 when Reagan took office to 49.9% when he left.
There is 1 question to complete.