Final answer:
President Ronald Reagan's economic plan included tax cuts for the wealthiest Americans, increased defense spending, and reduced funding for social welfare programs.
Explanation:
President Ronald Reagan's economic plan included a combination of tax cuts for the wealthiest Americans, increased defense spending, and reduced funding for social welfare programs. Reagan's economic policies, often referred to as Reaganomics, aimed to stimulate economic growth by supporting supply-side arguments that reducing high tax rates would encourage work effort and investments leading to job creation.
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