Respuesta :
According to Reagan, the step that sets this process in motion was reduction of taxes and the prosperity of businesses.
What were the steps taken by Reagan to improve economy?
Reagan introduced tax cuts, lower public spending, higher military spending, and lower market regulation.
Under President Reagan's administration, lower taxes continued to fall, taxes increased, inflation, and unemployment declined.
Reagan proposed a four-pronged economic policy aimed at reducing inflation and promoting economic growth and jobs:
- Reduce government spending on domestic programs
- Reduce taxes on individuals, businesses, and investments
- Reduce the burden of regulations on business
- Support slower economic growth
Thus, a reduction in taxes will lead to the growth and development of businesses.
To learn more about Reagan's administration, refer:
https://brainly.com/question/10258636
Answer:
First answer is: A. Taxes are cut
Second answer is: C. Businesses prosper
Explanation:
