Question

When Reagan took office, he brought with him a new economic philosophy. With the guidance of his economic advisors, he tried to stimulate the economy. To do this, his administration cut taxes and invested government money in job-creation programs. It seemed to work. In the eight years that Reagan was president, the unemployment rate fell from 7. 5 percent to 5. 4 percent. During that same period, inflation dropped from 12. 5 percent to 4. 4 percent. Which of these economic concerns was related to the achievements described in the passage? "Baby boomers" did not want the jobs that had been created by government. Reagan "froze" wages and prices to accomplish this economic recovery. Inflation and unemployment rates declined, but stagflation did not. The nation’s deficit rose greatly as inflation and unemployment fell.

Answer 1

The economic concern related to the achievements described in the passage is unemployment and inflation.

Step-by-step explanation:

The economic concern related to the achievements described in the passage is unemployment and inflation. The passage states that during Reagan's presidency, the unemployment rate fell from 7.5 percent to 5.4 percent, and inflation dropped from 12.5 percent to 4.4 percent.

Answer 2

Ronald Reagan's presidential term saw economic stimulation through tax cuts and defense spending, known as Reaganomics. While it reduced unemployment and inflation, it also resulted in a significant increase in the federal deficit.

Step-by-step explanation:

When Ronald Reagan took office, he introduced a new economic philosophy aimed at stimulating the economy. This approach, known as Reaganomics, involved cutting taxes, particularly for the wealthy, and investing in defense, with the aim to boost the economy and job creation. Although his policies led to a decrease in unemployment and inflation rates, they also resulted in a substantial increase in the nation's deficit. This economic deficit rose as the federal government spent more than it earned, largely due to increased defense spending and significant tax cuts. Critics often highlight the increasing income gap and federal deficit as negative consequences of Reagan's policies.