Which statement best summarizes how Reagan's economic policies affected the US economy? There was a decline in unemployment, but people made less money and paid higher taxes. There was a significant rise in prosperity triggered by a reduction in federal spending and the national debt. There was an increase in defense spending because of tax increases and the elimination of the national debt. There was overall prosperity, but federal spending and the national debt also increased.

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Richardson

21 September, 17:36

Which statement best summarizes how Reagan's economic policies affected the US economy? There was a decline in unemployment, but people made less money and paid higher taxes. There was a significant rise in prosperity triggered by a reduction in federal spending and the national debt. There was an increase in defense spending because of tax increases and the elimination of the national debt. There was overall prosperity, but federal spending and the national debt also increased.

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Larissa Espinoza · Answer 1

In general, " There was a significant rise in prosperity triggered by a reduction in federal spending and the national debt" is correct, but one could argue that a lot of this prosperity came from economic factors taking place before he took office.