Question

Reflect on what you have learned about reaganomics and the economic data you have analyzed. using what you have learned, write a short paragraph that answers the question: what were the positive and negative effects of reaganomics?

Answer 1

The positive impact of Reaganomics was that

• It lowered unemployment
• It caused inflation to fall
• It brough tdown inflation
• It raised GDP

The negative impacts of Reaganomics was that

• It made the already rich richer
• It led to reduction in the income levels of Americans
• It caused the deficit budget to grow as well as debts.

What was Reaganomics?

This was the term that was used to refer to the economic policy of President Reagan.

The goal was to reduce government spending, increase military spending and create environment for businesses to grow by tax reduction.

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Answer 2

Answer:

Reaganomics achieved some of President Reagan's economic goals. Inflation and unemployment decreased by the end of Reagan's administration, showing that Reaganomics had helped parts of the economy to recover from stagflation. However, the benefits of Reaganomics did not help all Americans equally. The tax cuts of Reaganomics mostly helped the wealthiest Americans to increase their wealth. Reaganomics also failed to address economic inequality of Black and White Americans.

Explanation:

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