What economic approach would describe Reaganomics quizlet?

What economic approach would describe Reaganomics quizlet?

Economic policies of Reagan: tax cuts, decreased social spending, increased military spending, and deregulation of domestic markets. “Supply side economics” and “trickle down theory” = expenses of corporations are reduced, the savings will trickle down to the economy. You just studied 6 terms!

What was Reaganomics Apush?

Reaganomics. The Reagan administration advocated supply-side economics, arguing that tax cuts and reduced government spending would increase investment by the private sector, which would lead to increased production, jobs, and prosperity.

Which of the following best describes the economic policy of Reaganomics?

The correct answer is (D). Also known as “Reaganomics,” supply-side economics cut taxes on the wealthy in order to stimulate investment in the economy and boost employment.

What is expansionary fiscal policy?

Expansionary fiscal policy—an increase in government spending, a decrease in tax revenue, or a combination of the two—is expected to spur economic activity, whereas contractionary fiscal policy—a decrease in government spending, an increase in tax revenue, or a combination of the two—is expected to slow economic …

What does Reaganomics mean?

Reaganomics refers to the economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with supply-side economics, referred to as trickle-down economics by political opponents.

What did Reaganomics do?

What is ‘Reaganomics’. Reaganomics is a popular term used to refer to the economic policies of Ronald Reagan, the 40th U.S. president (1981–1989), which called for widespread tax cuts, decreased social spending, increased military spending and the deregulation of domestic markets.

How did Reaganomics affect America?

President Ronald Reagan’s economic plan, known as ‘Reaganomics,’ was an attempt to stimulate the inert American economy of the 1970s through supply-side economics. Reagan believed that by revamping the United States tax code more Americans would have money to spend, which in turn would lead to economic growth.

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