Question

When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to stimulate the economy. to do this, his administration cut taxes and invested government money in job-creation programs. it seemed to work. in the eight years that reagan was president, the unemployment rate fell from 7.5 percent to 5.4 percent. during that same period, inflation dropped from 12.5 percent to 4.4 percent. which of these economic concerns was related to the achievements described in the passage? "baby boomers" did not want the jobs that had been created by government. reagan "froze" wages and prices to accomplish this economic recovery. inflation and unemployment rates declined, but stagflation did not. the nation’s deficit rose greatly as inflation and unemployment fell.

Answer 1

The nation’s deficit rose greatly as inflation and unemployment fell was an economic concern that was related to the achievement described in the passage.

What were the economic concerns in the passage?

The passage explains that with the fall in tax revenue of the government and higher spending on employment programs, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

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