THE RISE OF POLITICAL CONSERVATISM 1980 1992
THE ELECTION OF RONALD REAGAN IN 1980
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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government regulations were excessive and hurt the economy
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removing government regulations would increase the prices of goods and services
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free trade required effective regulation of major industries.
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the government must regulate key industries to maintain economic stability
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Detailed explanation-1: -President Reagan encouraged and promoted deregulation because he believed that. free trade required effective regulation of major industries.
Detailed explanation-2: -By reducing government spending and taxes, and making it easier to do business, President Reagan hoped to incentivize economic activity and reduce dependence on the government. These policies garnered reduced inflation, lower unemployment, and an entrepreneurial revolution that later became synonymous with the 1980s.
Detailed explanation-3: -Traditional policy approaches were challenged by the theory of supply-side economics in the Reagan Administration of the 1980s. It claims that fiscal policy may lead to changes in supply as well as in demand.