April Horn

History

8 June, 05:54

What resulted from Reagan's economic initiatives?

A. The decrease in taxes and increase in spending led to tripling the national debt.

B. The reduction of the money supply led to an increase in loan rates and created a recession.

C. The stimulation of domestic production boosted American spending in education to improve job performance.

D. The decrease in tariffs and restrictions on foreign trade meant many countries came close to bankruptcy.