Asked by
roopam sagar
on Oct 22, 2024Verified
What was the result of Reaganomics on the poorest fifth of Americans?
A) Their income dropped an average of 10 percent.
B) Their income increased an average of 15 percent.
C) Their employment rate increased an average of 20 percent.
D) Their employment rate decreased an average of 2 percent.
Reaganomics
An economic policy attributed to U.S. President Ronald Reagan, characterized by tax cuts, deregulation, increased defense spending, and a reduction in government welfare programs.
Poorest Fifth
A term used to describe the bottom 20% of the population in terms of income or wealth distribution.
Income Dropped
A decrease in the amount of money received by an individual, household, or group over a certain period.
- Evaluate the effects of government policies and programs on economic inequality.
Verified Answer
YR
Learning Objectives
- Evaluate the effects of government policies and programs on economic inequality.