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Vocabulary #29
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Supply Side Economics/Reaganomics/Trickledown
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Economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue
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Terms in this set (15)
Supply Side Economics/Reaganomics/Trickledown
Economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue
Multinational Corporations
A large business that operates in many countries (ex. Walmart)
Ronald Reagan
Economically and socially conservative leader who based his supply-side economic policy on the belief in smaller government
Deregulation
The lifting of government restrictions on business, industry, and professional activities.
Iran-Contra Affair
1986 scandal in which the US sold weapons to Iran and gave money to the Contra rebels in Nicaragua
