What was a central idea of Reaganomics?
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Correct answer: Tax cuts, deregulation, and less domestic spending
Reaganomics emphasized supply-side economics, arguing that tax cuts and deregulation would encourage investment and growth. Reagan also supported reducing some domestic programs while increasing defense spending.
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More Reagan Era and Cold War's End questions
- Which phrase best describes supply-side economics as promoted during the Reagan era?
- Which 1981 law was a major part of Reagan's tax policy?
- What happened to federal defense spending during the Reagan administration?
- Which phrase did Ronald Reagan famously use to describe the Soviet Union?
- What was the Strategic Defense Initiative proposed by Reagan?
- Which Soviet leader worked with Reagan on arms control during the late 1980s?