0
Wealth will "trickle down" from the top earners to the rest of the people. Additionally, Reaganomics was known as "Voodoo economics" as it expected some sort of magical force to spread wealth from those who have it, to those who don't.
Wiki User
∙ 9y ago
One major component of Reaganomics was supply-side economics. The idea was that by reducing taxes, particularly for businesses and high-income individuals, it would incentivize them to invest and expand, leading to increased economic growth and job creation. The belief was that this would ultimately benefit all levels of society through a "trickle-down" effect.
Add your answer:
Earn +20 pts
What were the major components of Reaganomics and what was each intended to do for the country?
Are you in IB....
How can you use reaganomics in a sentence?
Some have criticized elements of Reaganomics on the basis of equity.
What was the main idea of reaganomics?
The main idea of Reaganomics was to promote economic growth by reducing government intervention in the economy, cutting taxes, and deregulating industries. It aimed to stimulate investment, boost productivity, and create jobs by increasing incentives for businesses and individuals to invest and spend.
President Reagan's economic policy was known as?
Reaganomics was the name given to Reagan's idea that revenue would be increased if taxes were lowered so that people had more more to spend, thus stimulating the economy.
What term was given to reagans economic program by the media?
Reaganomics
Major component of Venus'?
major component of venus is the volcanoes and etc
The type of RNA that is the major component cellular ribosomes is known as?
A major component, not the major component, which is protein. Ribosomal RNA, of course. rRNA.
What is the major component of Jupiter's atmposhere?
Hydrogen is the major component of Jupiter's atmoshere
What is the major component of sodium chloride?
The major component of NaCl is chlorine: 60, 334 %.
What did reaganomics emphasize?
Reaganomics emphasized:reduce the federal income tax and capital gains tax
Are lipids a major component of the cells nucleus?
No. Lipids are an essential and major component of the cell membrane
Whta's the major component of Venus' atmosphere?
The major component of Venus' atmosphere is carbon dioxide.
