What did Reaganomics do?A.Deregulate the militaryB.Deregulate industriesC.Force states to collect more taxesD.Force people on welfare to leave the country
Question
What did Reaganomics do?A.Deregulate the militaryB.Deregulate industriesC.Force states to collect more taxesD.Force people on welfare to leave the country
Solution
Reaganomics, also known as supply-side economics, primarily aimed to stimulate economic growth and reduce the role of government in the economy. Therefore, the correct answer is B. Deregulate industries. This economic policy was implemented during the presidency of Ronald Reagan and involved reducing tax rates, controlling the money supply to reduce inflation, and deregulating industries to increase competition.
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