What did Reaganomics do?

Answer 1

They promoted supply side economics.

Reagan popularized the phrase "government is not the solution, government is the problem." He also popularized NeoLiberalism, which is distinct from the liberal meaning of the word in American English and was influenced by theorists Milton Friedman and Friedrich Hayek.

Reagan's economic advisor, Arthur Laffer, famously stated that "too much tax kills tax" and helped persuade the president to accept tax cuts.

Reaganomics, which differs from Keynesianism, is predicated on lessening government intervention (apart from the defense industry).

By signing up, you agree to our Terms of Service and Privacy Policy

Answer from HIX Tutor

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.