Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what economic approach did reagan advocate for during his presidency? s…

Question

what economic approach did reagan advocate for during his presidency? socialist redistribution of wealth increased government intervention trickle-down economics

Explanation:

Brief Explanations

Reaganomics, also known as trickle - down economics, was the economic policy during Reagan's presidency. It emphasized tax cuts for the wealthy and corporations, with the idea that the benefits would "trickle down" to the rest of the economy. Socialist redistribution of wealth and increased government intervention are contrary to Reagan's free - market, conservative economic stance.

Answer:

trickle - down economics