All of the Following Are True Statements About Reagan's Economic

Multiple Choice

All of the following are true statements about Reagan's economic programs EXCEPT:

A) he made significant cuts in social programs like welfare, food stamps, and unemployment compensation. b. he dramatically increased defense spending.
B) Incorrect. Reagan's cuts initially produced an economic recession; the supposed trickle-down of wealth did not trickle down and the cuts to welfare programs limited the amount of consumer dollars entering the market. See 27-1: Reagan's Domestic Politics
C) his trickle-down theory ultimately proved to be a vital strategy for dealing with economic downturns.
D) his policies increased the number of billionaires in America.
E) he cut taxes by 25 percent within three years.