Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

2. Explain how Reaganomics influenced or was tied to each of the
following:
a. Taxes:
b. Social programs:
c. Deregulation:
d. National debt/deficits:

Sagot :

GinnyAnswer

Final answer:

Reaganomics had varied effects on taxes, social programs, deregulation, and the national debt, influencing the US economy during Reagan's presidency.


Explanation:

Reaganomics, President Ronald Reagan's economic policies, had a significant impact on various aspects of the economy:

  1. Taxes: Reagan's tax cuts aimed to stimulate economic growth by reducing tax rates, especially on the supply side, to encourage investment and labor supply.
  2. Social programs: Reagan's administration proposed budget cuts to programs like Social Security and Medicare but faced backlash and ultimately resulted in increased military spending.
  3. Deregulation: Reagan advocated for deregulation to unleash the free market, leading to mixed results and increased government deficits.
  4. National debt/deficits: Despite the Laffer curve theory supporting tax cuts, Reaganomics led to substantial deficits, eventually requiring tax increases to address.

Learn more about Reaganomics and its impact on the US economy here:

https://brainly.com/question/17284143


We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.