Answered

2.4.4.2 Test (CST): Wrap-Up: The End of the Cold War

Question 10 of 20

To support Reaganomics, President Ronald Reagan:

A. increased funding for existing government programs.
B. enacted tax cuts that mainly benefited wealthy Americans.
C. tightened federal restrictions on American businesses.
D. introduced price controls as a means of easing inflation.

SUBMIT



Answer :

GinnyAnswer

Final answer:

President Reagan supported Reaganomics by enacting tax cuts mostly benefiting the wealthy, increasing defense spending, and cutting taxes, aiming to spur economic growth.


Explanation:

To support Reaganomics, President Ronald Reagan:

  • A. Increased funding for existing government programs.
  • B. Enacted tax cuts that mainly benefited wealthy Americans.
  • C. Tightened federal restrictions on American businesses.
  • D. Introduced price controls as a means of easing inflation.

President Reagan implemented tax cuts that largely favored wealthy individuals, which was a key component of Reaganomics. These tax cuts were combined with increased defense spending with the aim of stimulating economic growth. Reagan's policies also led to an expansion in the defense budget and an increase in the national debt.


Learn more about Reaganomics and President Ronald Reagan's economic policies here:

https://brainly.com/question/41552295


Other Questions