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1 vote
Based on the graph, which statement best explains

why many Americans opposed President Reagan's
economic policies?
The increase in income was not enough to help
many families.
The increase in income was paid for by government
borrowing.
The increase in income went mostly to the
wealthiest Americans.
The increase in income caused more Americans to
pay higher taxes.

User Tiramonium
by
5.1k points

2 Answers

5 votes

Answer:

The increase went to wealthiest americans, edge 2021

Step-by-step explanation:

User IanB
by
4.9k points
2 votes

Answer:

The increase in income went mostly to the wealthiest Americans.

Step-by-step explanation:

Under the Presidentship of Ronald Reagan, the economy of United States suffered from stagflation. In this situation, the country faced high inflation and high unemployment. Reagan's plan included reducing the expenditure of government on domestic programs, reducing the taxes and supporting the steady growth of the economy. The expenditure of military services increased at the alarming rate. American's were opposing these policies because they concluded that the major amount of the income was going in the hands of the wealthy Americans.

User Trevin Corkery
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5.4k points