Answer:
D.) Reaganomics
Explanation:
The term reaganomy is a contraction of the words Reagan and economics that is used to describe the economic policy of the US government chaired by Ronald Reagan during most of the 1980s, based on the theories advocated among others by the Nobel Prize in Economics , Milton Friedman, and whose central objective was to give economic prominence to initiative and individual action against the State. The four pillars of this policy were:
1 Reduce the growth of public spending.
2 Reduce the marginal rates of taxes that taxed labor and capital (Income Tax and Capital Gains Tax).
3 Reduce the regulation of economic activity.
4 Control of money supply and reduce inflation.
It remains a matter of debate to what extent this was because of Reagan's fiscal policies or how much other factors influenced it, such as the anti-inflationary monetary policy of the Federal Reserve directed by Paul Volcker and a dizzying drop in oil prices caused by the supply crisis in the Middle East.
