What term did historians apply to reagan’s efforts on the economic front?
a) freakonomics
b) gippernomics
c) perestroika
d) reaganomics

The correct answer is D) Reaganomics.

Reagan's economic policies became known as Reaganomics. His beliefs and ideas for economic policies helped to shape the modern day Republican party. Reagan was in favor of

1) Supply Side economics.

2) De-regulation of American industry- This means he wanted less government involvement in the affairs of businesses.

3) Lower tax rates of business- Reagan felt that lower taxes would allow businesses to have more capital. Businesses then could use this capital to hire more workers or invest in their company so that it could grow.

c. the king has significantly abused the colonists' rights many times over a long period of time.

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