Ask Question
12 June, 22:51

Question 1 Unsaved What did Reagan believe about the economy as the basis for Reaganomics? Question 1 options: the emergence of internet companies would lead to the "dotcom bubble" the federal deficit would shrink if the American people paid more taxes if the American people had more money in their pockets, they would be more likely to save it instead of spending it the economy would improve if Americans had more money to spend

+1
Answers (1)
  1. 13 June, 01:27
    0
    The correct answer is "the economy would improve if Americans had more money to spend."

    The basic of Reaganomics deals with what is known as Side-Supply Economics. This concept revolves around the idea that cutting taxes would lead to more capital for businesses. This increased amount of capital (aka money) available would allow them to hire more workers, who would produce more goods. If there are more individuals working, than they will have money to spend on goods/services. Also known as the "Trickle down theory" this concept heavily influenced Reagan's economic policies.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Question 1 Unsaved What did Reagan believe about the economy as the basis for Reaganomics? Question 1 options: the emergence of internet ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers