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What was one of the critical economic problems Bush inherited from Reagan?
Wiki User
∙ 9y ago
One of the critical economic problems that Bush inherited from Reagan was the budget deficit. In 1990, the deficit was three times the size in 1980.
Wiki User
∙ 9y ago
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What critical nickname was given to reagan's economic policies?
reaganomics
Trickle down economics was an economic policy supported by?
Trickle down economics was an economic policy supported by Ronald Reagan.
Reagan's economic program was called by the media?
reaganomics
How did Reagan and his hands off style of governing lead to problems?
Reagan left economic and social matters to the people. During Reagan's presidency, the average household debt doubled. It increased from $1 trillion in 1980 to $3 trillion in 1988. In regard to the social aspect, Reagan regarded AIDS as a sin like sex and abortion, so he did not believe it was his job to stop/prevent AIDS.
What term was given to Reagan and economic program by the media?
Reaganomics
What was President Reagen's conservative economic view was called?
"Reaganomics" is the word coined for Reagan's economic principles.
What economic problems did Reagan face?
He inherited a country in the middle of a recession from Jimmy Carter. After 2 years, President Regan turned it around and made the USA rich again, although the gap between the rich and poor increased. The deficit also increased, however the President of the USA does not have the power of the line item veto, so the Congress has to take some responsibility for the deficit as well.
What were President Reagan's economic policies?
Low taxes and cutting government spending.
President reagan's economic program was based on the theory of?
supply-side economics.
The Ronald Reagan administration produced record government economic deficits?
True.
What was the name given by journalists to Ronald Reagan economic policy?
The term used was Reaganomics.
What was the basis of President Ronald Reagan's economic policy?
Tax reduction
