INFO SHEET: Identify the TRUE information
1. The 1980s & Reagan's Administration were characterized by stagflation during which
prices rose even as unemployment remained high and economic growth was slow.
2. Trickle Down Economics cut taxes on businesses based on the premise that those
corporations would in turn raise wages
3. In the 1986 tax bill, the top income tax rate was cut from 70 to 28%
4. Reaganomics caused economic recovery as it effectively balanced the budget and
reduced the National Debt
5. According to the chart, the unemployment and inflation rates went down every year of
Reagan's Presidency.
6. According to the cartoon, Reagan focused his initiatives and spending on defense over
social services.
7. Reaganomics included increased regulations on businesses to protect consumers and
the environment.

Which one is true and which ones are false