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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an amount of money owed from one party to another
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the economic policies put forth by Ronald Reagan, especially as emphasizing the supply-side theory
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(gross domestic product) the total value of goods produced and services provided in a country during one year
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when you receive government financial assistance for basic material needs
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Detailed explanation-1: -Reaganomics sought to reduce the cost of doing business, by reducing tax burdens, relaxing regulations and price controls, and cutting domestic spending programs. Reagan also sought to reduce inflation by tightening the money supply.
Detailed explanation-2: -Milton Friedman stated, “Reaganomics had four simple principles: Lower marginal tax rates, less regulation, restrained government spending, noninflationary monetary policy. Though Reagan did not achieve all of his goals, he made good progress."
Detailed explanation-3: -Key Takeaways. Supply-side economics is an economic theory that postulates tax cuts for the wealthy result in increased savings and investment capacity for them that trickle down to the overall economy.