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2 July, 19:01

How did trickle down economics differ from economic strategies used in previous administrations?

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  1. 2 July, 22:29
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    Answer: C. It involved cutting taxes for those at the top of the economic ladder.

    Explanation:

    Former President Ronald Reagan came up with a string of Economic Policies to improve the United States. These policies are popularly known as Reaganomics.

    One of the more famous Reaganomics was the Trickle-Down policy. Here Reagan argued that reducing taxes on the wealthy in society was a means of investment into the nation. His rationale was that if the wealthy pay less taxes, they will have more money for investment and when they do invest it will increase the nation's productivity and wealth in the long term.

    This newfound wealth and productivity will benefit the less privileged in the long term as it 'trickles down' to them.
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