Question

Critics called President Reagan's economic plan "trickle-down economics." The term described his plan to cut taxes, allowing money to trickle down from consumers to investors. the wealthy to the poor. businesses to consumers. the wealthy to the government.

Answer 1

B. the wealthy to the poor.

edge 2021

Answer 2

Answer:

the wealthy to the poor.

Explanation:

Critics called President Reagan's economic plan "trickle-down economics." The term described his plan to cut taxes, allowing money to trickle down from "the wealthy to the poor."

President Reagan's economic plan is otherwise referred to as Reaganomics. It is based on the belief that reducing tax and making fewer regulations for big corporations or companies would equal giving the big corporations or big private employers the assistance needed to improve the economy by employing more laborers and producing at cheaper prices.

Thereby making the advantages and prosperity trickle down to other people at the lower level of the ladder.