How did Ronald Reagan hope to help the economy with his reaganomics plans?
1 answer
Ronald Reagan hoped to help the economy with his Reaganomics plans by implementing a supply-side economic policy. This involved cutting taxes, reducing government regulations and control over the economy, and encouraging businesses to invest and grow. The intent was to stimulate economic growth and create jobs, which would eventually lead to increased government revenue, decrease in inflation, and ultimately lead to a strong economy.