Question

Did Reaganomics work? Explain.

Answer 1

Answer:

Reaganomics promised to slash government spending and taxes to end stagflation and the 1980 recession. It worked, but at a cost. Real GDP grew over one-third during Reagan's presidency, an over $2 trillion increase. The compound annual growth rate of GDP was 3.6% during Reagan's eight years, compared to 2.7% during the preceding eight years;

Explanation: