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.
Increased international trade greatly improved the standard of living for both Americans and Europeans.
Increase in international trade improved the standard of living for both Americans and Europeans because international trade increases the economy of a country as well as economic condition of citizens. The better of economic condition increases purchasing power of people which results in the standard of living of the people.
]When a country produces more good so it can earn valuable currency by exporting goods so we can conclude that increased international trade improved the standard of living for both Americans and Europeans.
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