what was ronald reagans basic belief about economic growth? he thought greater government involvement in…
what was ronald reagans basic belief about economic growth? he thought greater government involvement in business would fix the nations economic problems. he felt that more regulations would help to create more jobs. he believed that decreasing government spending would eventually lead to economic growth. he thought that higher taxes would provide incentives for growth.
Answer
Brief Explanations:
Ronald Reagan was a proponent of supply - side economics, which included cutting government spending as a means to promote economic growth. He believed in less government intervention, lower regulations, and lower taxes to stimulate the economy.
Answer:
He believed that decreasing government spending would eventually lead to economic growth.