Question

Reagan’s economic policies would triple the national debt, increase split between rich and poor and cause these.1. Large deficits2. Lower interest rates3. Senate approvals

Answer 1

Large deficits

Step-by-step explanation:

When the policies of the economy are huge, the results are increased budgetary deficits. This occurs when government spending money is more than the tax. Therefore this becomes a challenge because the state cannot honor the subject obligators.

A deficit projection worsens and becomes evident when the tax is too big than the signature of Reagan, therefore, undid chunks by cutting tax; however, Bill signed another bill that increased taxes. This consequently was another lesson from the history of their ruling.

Answer 2

When economic policies lead to huge national debt, the consequences would be large budgetary deficits. This comes about when Government expenditure is way more than tax revenue. Which is a problem because the Government cannot honor its obligations to its subjects.