Choose the best word or phrase from the drop-down boxes to complete each sentence.

President Reagan's plan for the economy, often called Reaganomics, was based on [supply-side] economics. Reagan believed that [reducing] taxes and [deregulating] businesses would stimulate production [and] the benefits would "trickle down" to the rest of the economy. He also wanted to [reduce] [government spending].

Question

22-07-2024
History

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Choose the best word or phrase from the drop-down boxes to complete each sentence.

President Reagan's plan for the economy, often called Reaganomics, was based on [supply-side] economics. Reagan believed that [reducing] taxes and [deregulating] businesses would stimulate production [and] the benefits would "trickle down" to the rest of the economy. He also wanted to [reduce] [government spending].

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-22T02:15:20-04:00

Final answer:

President Reagan's economic plan, Reaganomics, focused on supply-side economics through tax cuts for the wealthy and businesses to stimulate economic growth.

Explanation:

Reaganomics was President Reagan's economic plan based on supply-side economics, which emphasized reducing taxes for the wealthy and businesses to stimulate production and economic growth. Reagan believed that the benefits of these tax cuts would 'trickle down' to the rest of the economy through job creation and increased investment.

Learn more about Reaganomics and supply-side economics here:

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