Question

How would you characterize the 1980's and Reaganomics?

a) A period of economic recession
b) A time of increased government spending
c) A period of conservative economic policies and tax cuts
d) A time of increased social welfare programs

Answer 1

The 1980s and Reaganomics were a period of conservative economic policies and tax cuts, aimed at stimulating the economy and shrinking the size of the federal government.

Step-by-step explanation:

The 1980s and Reaganomics can be characterized as a period of conservative economic policies and tax cuts (option c). Reagan implemented a series of policies aimed at stimulating the economy and shrinking the size of the federal government.

These policies included tax cuts for the wealthy, deregulation of industries, and higher interest rates to control inflation.

While there were some positive effects, such as a decrease in inflation and unemployment, there were also negative consequences, such as rising income disparities and a ballooning federal deficit.