The main component and key to success to Reaganomics was reduction in government spending.
<h3>What is Reaganomics?</h3>
This is the term that is used to refer to the government and the economic policies of Ronald Reagan. The purpose of the policy was to help to stimulate the United States government. The policy was contractionary in nature.
He advocated for a reduction in the way that government spent money, reduced taxes and also for less government regulations in businesses.
The result of this policy was that he helped to ensure that poverty was reduced in the country. Although it raised the levels of income inequality also in the nation.
Economics have stated that the policies of this president helped the nation to achieve great long time economic expansion.
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We have freedom from Britain thanks to the Declaration of independence which is founded by our founding fathers Ben franklin, Gorge Washington, Thomas Jefferson and much more we said to them " we declare independence from you, Good bye, Britain" XD
source of this quote: https://www.youtube.com/watch?v=shwNBBJj15M
Explanation:
Add 4/3 to both sides and then do cross multiplying
