1) At the heart of Reagan's plan was a 30% cut in __________.
a. sales tax
b. income tax
c. military spending
d. the space program
2) Reagan led a movement to reduce the oversight of government in a number of industries, a process known as __________.
a. regulation
b. deregulation
c. supply-side economics
d. demand-push inflation
3) During Reaganomics, __________ grew from $909 billion to over $2.6 trillion.
a. tax revenue
b. the national debt
c. the budget deficit
d. defense spending
1: During the campaign of 1980, Ronald Reagan announced a recipe to fix the nation's economic mess. He claimed an undue tax burden, excessive government regulation, and massive social spending programs hampered growth. Reagan proposed a phased 30% tax cut for the first three years of his Presidency.( B)
