Reaganomics was a radical shift in Policy aimed at direct tackling ?
Correct answer: D. the supply side of the economy
- A. The charities economy
- B. The demand side of the country
- C. The underground economy
- D. the supply side of the economy
Explanation
Reaganomics was based largely on supply-side economics, aiming to expand production through tax cuts, deregulation and incentives to work and invest. Thus, it targeted the supply side rather than aggregate demand directly.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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