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Ronald Reagan. The economic turmoil and terrible inflation left to him by the Carter Administration was a mountain that seemed impossible to climb. Reagan quickly moved in a direction of lower taxes for all tax brackets and decreased the size and control of government. Supply-side (Voo-Doo, Trickle down) economics, later known as "Reaganomics", gave America the longest period of economic prosperity in a non-post war economy. In transverse, the worst economic policy for a president belongs to Franklin Delano Roosevelt, whose New Deal more than doubled the Great Depression in duration and magnitude.
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Why might economic advisers to the president disagree about a question of policy?
Economic Advisers to President might disagree about a question of policy because of differing scientific judgments or differences in values
What does the council of economic advisors do?
A three member council that analyzes and interprets economic developments and advises the President of the United States on national economic policy.
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
What was President Jefferson's first foreign policy decision of economic coercion?
Embargo Act
Why might economic advisers to the president disagree about a question of policy?
Economic Advisers to President might disagree about a question of policy because of differing scientific judgments or differences in values
Which best describes the economic philosophy shared by president Harding Coolidge and Hoover?
"conservative" seems like a good word to describe their policy.
Which of the following agencies is housed in the executive branch and advises the president on economic policy making?
National Economic Council
What does the council of economic advisors do?
A three member council that analyzes and interprets economic developments and advises the President of the United States on national economic policy.
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
What was the basis of President Ronald Reagan's economic policy?
Tax reduction
What was President Jefferson's first foreign policy decision of economic coercion?
Embargo Act
Which president's use of government policy as economic stimulus ushered in the modern era of US government fiscal policy?
Franklin Roosevelt.
What was the name of the policy of economic expansion which was introduced by President William Howard Taft?
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Who ultimately decides the structure of a nation's economic and governmental policy?
The executive branch, the president and his staff.
How is the president the chief economic planner?
The President is the chief economic planner because they have the authority to set economic policies and plans for the country. They work with economic advisors and experts to make decisions on matters such as fiscal policy, trade agreements, and regulation. The President's role is to help shape and guide the overall direction of the economy.
