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30 July, 09:47

What were the major problems of the

economy when Ronald Reagan was

elected in 1980?

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Answers (1)
  1. 30 July, 10:11
    0
    at the time of his election, Ronald Reagan felt that the problems the United States was experiencing were the result of excessive government spending. The economic situation at the beginning of Ronald Reagan's first term in which unemployment and inflation were both high was referred to as

    stagflation
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