Which statement best summarizes how reagan’s economic policies affected the us economy? there was a decline in unemployment, but people made less money and paid higher taxes. there was a significant rise in prosperity triggered by a reduction in federal spending and the national debt. there was an increase in defense spending because of tax increases and the elimination of the national debt. there was overall prosperity, but federal spending and the national debt also increased.

The correct answer is D) There was overall prosperity, but federal spending and the national debt also increased.

The statement that best summarizes how Reagan’s economic policies affected the U.S. economy is: There was overall prosperity, but federal spending and the national debt also increased.

Reaganomics was the term that identified the economic policies of President Ronald Reagan in 1981. President Reagan tenure was from 1981 to 1989 and was the 40th President of the U.S. The economic policies of Reagan aimed to cut taxes, increase military spending, and the decrease social spending. What Reagan believed about the economy as the basis for Reaganomics was that the economy would improve if Americans had more money to spend.

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