The middle and lower classes were to benefit from reaganomics because they would get more what

1 answer:

6 0

The middle and lower classes were to benefit from Reaganomics as it leads to reductions in taxation, governmental policies, and inflation.

<h3>Who developed Reaganomics?</h3>

Reaganomics was developed by Ronald Reagan in the year 1981 to minimize the production cost of doing the business.

Reaganomics was composed of three policies namely, the regulation policy relates to deregulating the industries, the taxation policy relates to cutting down taxes, and the spending policy relates to a fall in the expenditure of government leading fall in inflation.

Therefore, Reaganomics has merely benefitted the lower and middle-income groups.

Learn more about the Reaganomics in the related link:

brainly.com/question/4404145

#SPJ1

You might be interested in

In the early 1700s South Carolina raised the import duties on slaves coming from the West Indies, which MOST LIKELY resulted in

morpeh [17]

In the early 1700's South Carolina raised the import duties on slaves coming from the West Indies, which most likely resulted in C; More slaves being imported directly from Africa. This is so because it was relatively cheaper to import directly from Africa opposed to the West Indies.

8 0

3 years ago

Who were the colonial allies in the revolutionary war?

Alika [10]

Answer:

France and Spain

Explanation:

6 0

3 years ago

Why were so many rails laid between 1870 and 1890?

oee [108]

Answer:

he decade had its problems. It began with the financial Panic of 1873. Railroads were growing so fast that nearly 6,000 miles were being laid down every year (17,000 miles between 1871 and 1873). With so much new construction, lending was strained and overextended.

⛅

‍♂️ <------------ Here is a little picture to brighten your day up :>

8 0

3 years ago

According to Montaigne, why is he writing his essays?

White raven [17]

Michel de Motaigne had the intentions of becoming a politician, which was the primary motive of him writing the essays. He claimed that the intention of him writing the essay is to reflect "some traits of my character and of my humours." His writings are considered to be a pivotal version of skepticism and has also taken inspiration from ancient Greek, Latin and Italian texts. However sources claim that these essays are the brain children of deep introspection conducted by him.

4 0

3 years ago

What was Prince Henry's goal and who actually achieved it

BlackZzzverrR [31]

<span>Prince Henry's goal was to reach your source of treasures in the East, to spread Christianity, overseas exploration. Vasco achieved his goal of finding new regions and treasures</span>

3 0

3 years ago