Reaganomics and Stagflation     video    Questions

1.  Why was there a gasoline shortage in 1977?  OPEC stopped producing and sending oil to US.

2.  What was Reagan's solution to the poor economy in 1981?  trickle down economics

3.  What % of tax cut was Reagan's goal ? 25 %

4.  What does government deregulation of business do?  allows companies to compete and lower prices,

5.  Which business was the most corrupted by government deregulation? Savings and Loans / Banks

6.  What is deficit spending? spending more that what you bring in

7.  How did Reagan's government see the labor unions? as an impediment

8.  What did Reagan do to the airtraffic controllers? fired them

9.  What is it called when you move jobs to lower wage areas?  outsourcing

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