Which convention of american government reflects the principle of popular sovereignty?

What was a major component of reaganomics? 1. the belief that tax cuts to the wealthy would trickle down to the less fortunate. 2.the belief that providing tax cuts to lower-socioeconomic americans would boost the economy. 3.the belief that boosting home ownership would lead to americans having an investment in the economy. 4.the belief that correcting the business cycle would boost output and reduce unemployment.

On the graph, the bottom horizontal line represents

How do you think entrepreneurs contribute or industry in america? describe your answer.