Name one sign of economic confidence as a result of Reagan's policies.
Understand the Problem
The question is asking for one indication or element that reflects economic confidence that arose due to the policies implemented during Ronald Reagan's presidency. This implies exploring the impacts of his economic strategies on the overall economy.
Answer
Substantial rise in Gross National Product (GNP).
One sign of economic confidence resulting from Reagan's policies was the substantial rise in Gross National Product (GNP).
Answer for screen readers
One sign of economic confidence resulting from Reagan's policies was the substantial rise in Gross National Product (GNP).
More Information
During Reagan's presidency, the economic growth seen in the GNP served as a key indicator of confidence in his economic policies, which focused on tax cuts, deregulation, and monetary policy.
Tips
It's common to confuse gross national product (GNP) with gross domestic product (GDP); however, GNP includes the value of income from abroad.
Sources
- Reaganomics: Economic Policy and the Reagan Revolution - reaganfoundation.org
- Reaganomics - Wikipedia - en.wikipedia.org
- Ronald Reagan: Domestic Affairs - Miller Center - millercenter.org
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