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6 Cards in this Set
- Front
- Back
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Theory that tax reductions will increase investments and thereby encourage business growth
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Supply-side economics
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President Nixon's call for a new partnership between the federal government and state governmnet; president Reagan's plan to cut back the role of the federal government while giving more responsibility to the state
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New Federalism
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President Reagan's proposed defense system against a Soviet missle attack, popularly known as "Star Wars"
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Strategic Defense Initiative (SDI)
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How did supply-side economics change the federal government's tax policy?
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Taxes were cut
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Did Reagan's tax cuts achieve all of his economic and budgetary goals?
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While the tax cuts did contribute to economic recovery, the budget was not balanced during his term.
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How did Reagan view Communist governments in other countries?
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Reagan wanted to confront Communist governments and prevent the spread of Communism
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