All of the Following Are True Statements About Reagan's Economic

question 7

Multiple Choice

All of the following are true statements about Reagan's economic programs except

• A) His trickle-down theory was ultimately proven a vital strategy for dealing with economic downturns.
• B) His cuts to government spending focused on social programs such as welfare and unemployment compensation.
• C) He dramatically increased defense spending.
• D) His policies led to an increasing number of billionaires in America.
• E) The middle class diminished while the number of people living below the poverty line increased.

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Definitions:

Geneva Conventions

A series of international treaties formulated to ensure humane treatment of individuals during war, including prisoners, wounded soldiers, and civilians.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico that established a trilateral trade bloc in North America.

Foreign Policy Tools

Various means a country uses to achieve its foreign policy objectives, including diplomacy, economic aid, military intervention, and international treaties.

International Monetary Structure

The system of exchange rates and international payments that enables countries to transact with each other.