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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During Reagan’s presidency, federal spenind was increased most for ____
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jobs
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the people
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government
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defense
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Explanation:
Detailed explanation-1: -In the 1980 campaign, Reagan had proposed to cut taxes and domestic spending but increase military spending.
Detailed explanation-2: -Between 1980 and 1988 (Reagan’s presidency), federal deficit spending increased dramatically. Reagan believed that cutting taxes would stimulate the economy. What was the logic behind that idea? Reagan thought that, with tax cuts, people would spend more money and more jobs would be created.
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