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Zarrin [17]
2 years ago
13

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

History
1 answer:
Allisa [31]2 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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Beginning in the Middle Ages, most people in England came to believe that kings and queens best represent the interests of the people.

This was due to the fact that a monarchical system of government was already in place and they believed that the rulers had the interest of the people at heart.

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