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Topic 23 Reagan Revolution to Bush Quiz (P2): kadiatu Bangura
# 13
What two competing conservative economic policies were combined to form Reaganomics?
Cuts in federal spending and lowering interest rates.
Increased federal spending and tax increases on business.
Deficit spending and increasing currency circulation.
An increase in interest rates and tax cuts.
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Answer :

GinnyAnswer
The two competing conservative economic policies that were combined to form Reaganomics are: 1. An increase in interest rates: This was aimed at combating inflation by making borrowing more expensive, which in turn could help control rising prices and stabilize the economy. 2. Tax cuts: Reaganomics included substantial tax cuts, particularly for businesses and high-income individuals. The idea behind this was to stimulate economic growth by putting more money in the hands of businesses and individuals, thereby encouraging investment and spending. These two components of Reaganomics were intended to work together to achieve economic objectives such as reducing inflation, boosting economic growth, and promoting investment.

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