Question

The policy objectives of Reaganomics were based on the theory that- Broad tax cuts and financial deregulation would promote economic expansion. Reducing trade barriers would result in a budget surplus. Significant increases in government spending would help reduce unemployment. Borrowing from foreign countries would help cover the costs of domestic programs.

Answer 1

Answer:

The policy objectives of Reaganomics were based on the theory that broad tax cuts and financial deregulation would promote economic expansion.

Explanation:

Reaganomics is a term on the economic policies of Ronald Reagan, President of the United States from 1981 to 1989. Reagonomics is considered a form of neo-liberalism and supply-side economics. The four main ideas were to reduce the growth of government spending, reduce federal income tax and capital gains tax, reduce regulations, and monetary policy of restricting money supply to try to reduce inflation.