Question

Reaganomics" was also known as " (BLANK) " economics and called for decreases in (cuts in) (BLANK), the federal budget, and increased defense spending. This led to an increase in the economy, but also to the federal (BLANK), where expenditures exceed revenues.

Answer 1

Answer: Reaganomics" was also known as " Triple-down " economics and called for decreases in (cuts in) income taxes, the federal budget, and increased defense spending. This led to an increase in the economy, but also to the federal debt, where expenditures exceed revenues.