Which of the following is NOT true regarding Ronald Reagan's presidency?
Group of answer choices
A. His economic policies led to a shrinking of economic inequality among various classes, ethnicities, and races in the U.S.
B. Cuts were made to government programs, including food stamps, mental asylums, and school lunches
C. His policies increased national debt
D. His economic policy of "supply-side economics," or "trickle-down economics," relied on big businesses passing on their savings from a decrease in taxes and regulations to employees in the form of raises and job creation, though, overall, this did not occur

- A is **NOT true** regarding Ronald Reagan's presidency. In fact, Reagan's economic policies, often referred to as "Reaganomics," did not lead to a decrease in economic inequality. Instead, economic inequality actually widened during his presidency. His policies included tax cuts for the wealthy and deregulation, which were intended to spur economic growth but did not significantly benefit the lower and middle classes, thereby increasing the gap between the rich and the poor.

- B is true. Reagan made significant cuts to various government programs, including food stamps, mental health institutions, and school lunch programs as part of his efforts to reduce government spending.

- C is true. His policies, including significant tax cuts and increased military spending, contributed to a substantial increase in the national debt.

- D is true. Reagan's economic policy, known as "supply-side economics" or "trickle-down economics," was based on the idea that benefits for the wealthy and big businesses would "trickle down" to the rest of the economy. However, the expected widespread benefits to employees and job creation did not occur to the extent anticipated.