Question

Question 14 of 18

Which statement best describes Reaganomics?
OA. By lifting restrictions and cutting taxes on businesses, businesses
would get smaller, which would lead to unemployment.
OB. By imposing more restrictions and taxes on businesses,
businesses would slow down, which would lead to unemployment.
OC. By lifting restrictions and cutting taxes on businesses, businesses
would grow, which would lead to more jobs for Americans.
OD. By imposing more restrictions and taxes on businesses,
businesses would grow, which would lead to more jobs for
Americans.

Answer 1

Reaganomics aimed to stimulate economic growth by reducing government regulation and taxes on businesses, leading to job creation and overall economic growth.

Step-by-step explanation:

The statement that best describes Reaganomics is By lifting restrictions and cutting taxes on businesses, businesses would grow, which would lead to more jobs for Americans. Reaganomics refers to the economic policies implemented by President Ronald Reagan in the 1980s. The main idea behind Reaganomics was to stimulate economic growth by reducing government regulation and taxes. The belief was that by reducing restrictions and taxes on businesses, they would have more resources to invest and expand, leading to job creation and overall economic growth.

Learn more about Reaganomics and its impact on economic growth and job creation