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DEFICITS - long range course to disaster and Republican worship as truth !
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∙ 12y ago
Reaganomics, the economic policies pursued by President Ronald Reagan in the 1980s, has been criticized for exacerbating income inequality and favoring the wealthy. Critics argue that the tax cuts for the rich and reductions in social programs such as welfare led to wider wealth disparities and hardship for low-income individuals. Moreover, the trickle-down theory, which posits that benefits for the wealthy will eventually trickle down to everyone, has been challenged as it did not result in significant overall economic growth or improvement in living standards for all Americans.
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How can you use reaganomics in a sentence?
Some have criticized elements of Reaganomics on the basis of equity.
What term was given to reagans economic program by the media?
Reaganomics
What did reaganomics emphasize?
Reaganomics emphasized:reduce the federal income tax and capital gains tax
What is wrong with our economy?
Reaganomics.
What did reaganomics lead to?
Reaganomics led to decreased inflation, decreased interest rates, and increased budget deficits.
Which of these was not an intention of the Reaganomics policies?
to increase regulation
Was deregulation of select industries part of reaganomics?
no
Was increased military spending part of reaganomics?
no
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.
Reagan's economic program was called by the media?
reaganomics
Was increased funding for social programs part of the reaganomics?
no
What is another term for Reaganomics?
Trickle down theory.
