Based on the principles of Keynesian economics and Reaganomics, the following are true:
- Tax cuts for the wealthy will trickle down to the overall economy. Reaganomics.
- Demand in the economy is most important to economic growth. - Keynesian economics.
- Reducing government regulation reduces inflation. - Reaganomics.
- Government should increase spending if consumer demand decreases. - Keynesian economics.
- Supply of goods and services is most important to economic growth. - Reaganomics.
- Wages and unemployment benefits may need government assistance to meet needs. - Keynesian economics.
How did Reaganomics and Keynesian economics differ?
Reaganomics called for less government regulation and influence in the economy while Keynesian economics called more influence.
Reaganomics wanted less taxes as they believed it would increase supply which was good for economic growth while Keynesian economics believed that demand was good for growth and the government should support it.
Find out more on Reaganomics at https://brainly.com/question/10192716.