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    Reagonomics: Theory and Practice

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    What were the sources of the American economic recovery of the 1980s and 1990s? Who benefited from it and who did not, and why was that the case?

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    The essential information behind this kind of a question is something commonly termed "Reaganonmics." That term stands for the Trickle-Down Theory in economics, namely the idea that a surplus of expenditures enables greater actual spending and investment, meaning that people without that money to begin with have new opportunity to work in production of such investment, or benefit from the projected ...

    Solution Summary

    The solution describes the basics behind Reaganomics, as well as the historical implications of such.