Question

Read the excerpt from President Reagan’s 1981 Inaugural Address. These United States are confronted with an economic affliction of great proportions. We suffer from the longest and one of the worst sustained inflations in our national history. It distorts our economic decisions, penalizes thrift, and crushes the struggling young and the fixed-income elderly alike. It threatens to shatter the lives of millions of our people. Idle industries have cast workers into unemployment, human misery, and personal indignity. Those who do work are denied a fair return for their labor by a tax system which penalizes successful achievement and keeps us from maintaining full productivity. In this present crisis, government is not the solution to our problem, government is the problem. What is one way that President Reagan addressed the "crisis”? He began the War on Drugs. He reduced regulations on businesses He called for a stronger national defense. He appointed three Supreme Court justices.

Answer 1

Answer:

He reduced regulations on businesses

Explanation:

The way President Reagan addressed the "crisis" was buy introducing a policy that was dubbed "Reaganomics" and was called "free market economics" by President Reagan himself.

This economic policy included reduction of the growth of government spending, reduction in income tax, reduction of government regulation on businesses, and the tightening of money to reduce inflation.