1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
borishaifa [10]
3 years ago
14

Which statement best summarizes how President Reagan’s economic policies affected the US economy?

History
2 answers:
mixas84 [53]3 years ago
8 0

<em><u>There was overall prosperity, but federal spending and the national debt also increased.(d) </u></em>

Further Explanations:

Ronald Reagan the 40th President of America was born on 6th February 1911 in a low-income family of northern Illinois and graduated from Eureka College in 1932. He started his early career as a Hollywood actor and a Union leader. He had also served as the California’s 33rd governor. After becoming President he gained the fame of being modern influential Conservatism. One of his tremendous initiatives was the Strategic Defense Initiative, a missile defense system to guard United States from Nuclear attacks and submarines ballistic attack.  

Reagan's economic policies were named as the Reaganomics that aimed at the economic policies such as tax deduction, increase in military expenditures and social expense downfall. He believed that the economy of the nation will only increase when the citizens will have enough money. His policies are still the question of debate that it was for the benefit of the nation against the national interest. It increased the difference in income gap as well as at the same time tripled the national debt.

Learn more

  1. How did Alexander Hamilton and James madison view the constitution? <u>brainly.com/question/1320793 </u>
  2. In their tv and radio advertisements, many car companies of the 1950s promoted? <u>brainly.com/question/4987782 </u>
  3. in a parliamentary system of representative democracy, the prime minister is appointed by the monarch. is elected by representatives chosen by the  

Answer Details:

Grade: High school

Subject: US History

Chapter: US President

Keywords:

Ronald Reagan, northern Illinois, Eureka College, Union leader, Hollywood actor, California, Conservatism, Strategic Defense Initiative, Nuclear, Reaganomics

Travka [436]3 years ago
5 0

Answer:

D. There was a significant rise in prosperity but the federal spending and the national debt increase is the correct answer.

Explanation:

The economic policies promoted by president Reagan is known as Reaganomics.  His policies are also known as supply side economics or voodoo economics, Reagan's political advocates called it free-market economics. The four pillars of his policies were Reduction of federal income tax, Capital gains tax, increasing government spending, reducing regulation and restricting money supply.

The outcomes of his policies are still debated, his supporters point out that the policies led to the end of stagflation, increase in GDP, while critics consider that  it led to difference in income gap and tripling of national debt.

You might be interested in
What was the result of the Spain Civil War?*
Bumek [7]
It would be B I learned about this before pls mark braliest hehe.
3 0
2 years ago
What was Columbus looking for when he sailed from Europe in 1492
kherson [118]

He was determined to find a direct water route west from Europe to Asia, but he never did. Instead, he accidentally stumbled upon the Americas.

8 0
3 years ago
Read 2 more answers
What do muckrakers do?
lina2011 [118]
Uncover abuses in government
3 0
3 years ago
Need help asap!! Tysm
Deffense [45]

Answer:

c

Explanation:

3 0
3 years ago
Read 2 more answers
What was the critical means of transmitting orthodox Christianity to the Slavic regions?
hammer [34]

ANSWER: 
<span>The Cyrillic alphabet, developed by two proselytizing monks, Cyril and Methodius.
</span>
4 0
3 years ago
Other questions:
  • What role did puritanism play in the settlement of north america by europeans?
    12·1 answer
  • The Bessemer process was a useful way of turning iron into steel
    14·1 answer
  • What generalization describes the experience of women in the western united states during the period of overland expansion domin
    9·1 answer
  • What does the American flag stand for and symbolize? Pls help I need to do an essay
    14·1 answer
  • Why should students respect American flag
    14·1 answer
  • September 2, 1945 is marked by ______.
    10·2 answers
  • I NEED HELP ASAP!Describe Attila's actions and characteristics as positive or negative.
    15·2 answers
  • The introduction of materials into the atmosphere which produces adverse effects especially to human and their daily activities
    10·1 answer
  • What is promotion period
    12·1 answer
  • The Panic of 1873 and Panic of 1893 were named 'panics' because
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!