can i please get some help with this
what were two major components of Ronald Reagan's economic plan?
a. expanding the government and reducing competition
b. increasing the demand for goods and cutting the supply of goods
c. encouraging business growth and discouraging investment
d. cutting taxes and cutting government regulations
thanks a lot!
I Googled Reagan's economic plan and this was the first site. Your answer is right there.
http://en.wikipedia.org/wiki/Reaganomics
is it D?
Right! D is the correct answer.
ok, thanks
Of course! I'd be happy to help you with this question.
To identify two major components of Ronald Reagan's economic plan, we can evaluate each option and determine which ones align with his policies. Let's go through each choice:
a. Expanding the government and reducing competition: Reagan's economic plan promoted limited government intervention and reducing barriers to competition. This option does not align with his approach, so we can eliminate this choice.
b. Increasing the demand for goods and cutting the supply of goods: While Reagan aimed to stimulate economic growth, his plan did not specifically focus on manipulating demand or supply. Therefore, we can eliminate this choice as well.
c. Encouraging business growth and discouraging investment: Reagan's economic plan prioritized policies that fostered business growth and promoted investment. This aligns with his overall approach, so let's keep this choice as a possibility.
d. Cutting taxes and cutting government regulations: Reagan famously advocated for tax cuts and reducing government regulations to stimulate economic growth. This choice directly correlates with his economic plan, so we should consider this option.
Based on our analysis, the two major components of Ronald Reagan's economic plan were:
c. Encouraging business growth and discouraging investment, and
d. Cutting taxes and cutting government regulations.
I hope this explanation helps you understand how to approach and analyze questions like these in the future. Let me know if you have any other questions!