Question

The economic situation at the beginning of Ronald Reagan s first term in which unemployment and inflation were both high was referred to as Reaganomics. trickle-down economics. the Strategic Initiative. stagflation.

Answer 1

Just got it on the test. It's D or, Stagflation.

Answer 2

Reaganomics was the name for Ronald Reagan's economic system used during his presidency, Trickle down economics is a capitalistic term used to describe the flow of income going down from workers at the top of a corporation streaming down to the bottom, and the Strategic Initiative is a broad term intended to achieve a goal either with an idea or a person in a certain position of power. The answer is Stagflation.