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Zarrin [17]
3 years ago
13

This term was used to describe the economic plan of president reagan.

History
1 answer:
Allisa [31]3 years ago
5 0
Prior to the Reagan administration, the United States economy experienced a decade of rising unemployment and inflation (known as stagflation<span>). Political pressure favored stimulus resulting in an expansion of the money supply. </span>
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