Respuesta :
Answer:
A. After Reagan was elected in 1980, His first priority was getting the economy back on track since it was suffering from stagflation. Reagan believed that cutting taxes would trigger a cycle of economic growth. He created a system known as Reaganomics where a consumer and investor would have more money, then the businesses would prosper, then the prospering businesses would expand and the economy would grow. Tax policy and regulations during his last year of presidency greatly changed from 1980. Now, the top income tax rate was 28% for single people making $18,550 or more. This meant that anyone who made less money paid no taxes at all.
B. As a result of Reaganomics in the late 1982, the economy began to boom and income for white Americans and African-Americans started to increase. There were millions of jobs created and in 1984 Reagan won re-election. Even though there was a rise in prosperity during Reagan's presidency, there were also many problems. As a result of Reaganomics the federal spending doubled and the national debt tripled.
Explanation:
Reaganomics was an attempt to restorative the UN-moving American economy during the 1970s with the help of supply-side economics.
What is the term Reagan about?
A. After Reagan was elected in 1980, His first priority was getting the economy back on track. Reagan thought that decrease in taxes could increase a cycle of economic growth.
B. As a result of Reaganomics in the late 1982, the economy started booming at a rapid rate and more and more Africans were getting the jobs depends upon their qualifications and automatically incomes leads to increased.
Learn more about African-Americans, refer to the link:
https://brainly.com/question/16213124
