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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“Trickle-down economy”
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“Budget”
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“Market Economy”
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“Supply Economy”
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Detailed explanation-1: -Trickle-down economics is a term used in critical references to economic policies to say they disproportionately favor the upper end of the economic spectrum, i.e. wealthy investors and large corporations. In recent history, the term has been used broadly by critics of supply-side economics.
Detailed explanation-2: -Trickle-Down Economic Policies Corporate income tax reduction, tax cuts for the wealthy, and deregulation are the initial steps of a trickle-down policy. As more money remains in the corporate sector, business investment may be triggered with new factories, upgraded technology, equipment, and an increase in employment.
Detailed explanation-3: -Supporters of trickle down often cite the work of the US economist Arthur Laffer as proof that the theory works. Laffer said tax cuts for the wealthy had a powerful multiplier effect and any revenues lost by governments from reducing tax rates would be more than compensated for by the fruits of higher growth.