"Reaganomics" (supply-side economics) emphasized
- A
Higher income and corporate tax rates combined with new regulations on banking, energy, and manufacturing industries
- Bcheck_circle
Tax cuts (especially for high earners), deregulation, and reduced government spending — believed to spur economic growth
- C
Strict trade restrictions and high tariffs on foreign goods to protect domestic industry and rebuild American manufacturing
- D
Wealth redistribution through steeply progressive income taxes and expanded federal welfare programs to reduce inequality
Explanation
Critics called it "trickle-down economics"; it produced economic growth and large deficits.