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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Which of the following is MOST CORRECT about Reagan’s economic policies
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They were successful BUT they increased the national debt by 2 trillion dollars
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They were extremely successful.
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They were unsuccessful AND they increased the national debt by 2 trillion dollars
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They helped to end the disparity between rich and poor Americans
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Explanation:
Detailed explanation-1: -Reagan sought to stimulate the economy with large, across-the-board tax cuts. The expansionary fiscal policies soon became known as “Reaganomics", and were considered by some to be the most serious attempt to change the course of U.S. economic policy of any administration since the New Deal.
Detailed explanation-2: -Over the eight years of the Reagan Administration: 20 million new jobs were created. Inflation dropped from 13.5% in 1980 to 4.1% by 1988. Unemployment fell from 7.6% to 5.5%
There is 1 question to complete.