Final answer:
Ronald Reagan advocated for smaller federal government, emphasizing deregulation, tax cuts, and high interest rates to stimulate economic growth. His approach, known as Reaganomics, intended to reduce government intervention in the economy but faced challenges and led to mixed results.
Step-by-step explanation:
Ronald Reagan believed in reducing the size of the federal government, which aligns with option c) Called for Deregulation and Tax Cuts. Reagan sought to stimulate the economy through supply-side economics, also known as Reaganomics. His policies involved significant tax cuts, particularly for the wealthy, with the expectation that this would lead to more investment, job creation, and eventually a surge in taxable income that would offset the loss in revenue from tax cuts. Furthermore, Reagan advocated for deregulation of industries and maintained high interest rates to control inflation. While he envisioned smaller government, the actual result was mixed due to increased military spending and the complexities of cutting social programs such as Social Security and Medicare. Reagan's economic policies and cutting of social programs were sometimes controversial and led to debate about their impact on different segments of the population.