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Reaganomics were also commonly known as 'supply-side' economics. By lowering taxes on businesses, they would make more money, grow, and ultimately, pay more in taxes do to their bigger size.
In short, lowering taxes would mean more revenue for the U.S.
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What is Ronald Reagan's greatest achievement?
Reagonomics.
An economic policy that advocated a reduction in government spending and cuts in personal income taxes is?
reagonomics
Why were Adam smith's principles connected to Ronald Reagan's reagonomics?
Both believed in the idea of an "invisible Hand".
What was the economic policy that advocated a reduction in government spending and cuts in personal income taxes called?
reagonomics
How did reagonomics hurt economics?
British hurt Irish by flooding Ireland with manufacturing goods, hurting local producers
How did the US go from being a Creditor nation to a debtor nation?
The failure of Reagonomics, also known as "Supply Side Economics", or "Trickle Down Economics"
What is another word for reagonomics?
George H. W. Bush called it "voo-doo economics." (That was before he was chosen to be V.P.) It has also been referred to as "trickle-down economics."
What does human body consist of?
what does the ody consist of? what does the body consist of?
What are some of the policies of Reaganomics?
There are many policies that revolve around Reagonomics. One of the basic principles is trickle down economics. This is the idea when there is more money at the top, the money will flow down to people at the bottom.
What does the mantle consist of?
It consist of asthenosphere
Present tense of consist?
The present tense of "consist" is "consists."
What is the present tense of consist?
The present tense of "consist" is "consists."
