HISTORY
THE COLD WAR ERA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Broad tax cuts, and financial deregulation, which would promote economic expansion, are examples of what policy’s objective:
|
|
Reaganomics
|
|
|
Trade Imbalance
|
|
|
Iran-Contra Affair
|
|
|
Heritage Foundation
|
Explanation:
Detailed explanation-1: -In 1981, Reagan eliminated the Nixon-era price controls on domestic oil and gas. 8 They constrained the free-market equilibrium that would have prevented inflation. Reagan also deregulated cable TV, long-distance telephone service, interstate bus service, and ocean shipping.
Detailed explanation-2: -Trickle-down theory is an economic strategy where taxes levied on the high-income group are curtailed. The theory claims that the increase in wealth will trickle down into lower economic sections in the form of increased investments and employment.
There is 1 question to complete.