which statement best summarizes how reagans economic policies affected the us economy? there was a decline…

which statement best summarizes how reagans 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.

which statement best summarizes how reagans 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.

Answer

Brief Explanations:

Reaganomics involved tax - cuts which spurred economic growth (overall prosperity). However, increased defense spending and tax - cuts led to higher federal spending and national debt.

Answer:

There was overall prosperity, but federal spending and the national debt also increased.