The Declining Economy (Leaving Cert History): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
In which decade did Ronald Reagan promote the economic policies known as Reaganomics?
In which decade did Ronald Reagan promote the economic policies known as Reaganomics?
1980s
How many key areas did Reaganomics focus on?
How many key areas did Reaganomics focus on?
Four
Under Reaganomics, the top individual tax rate was reduced from 70% to what percentage?
Under Reaganomics, the top individual tax rate was reduced from 70% to what percentage?
50%
Which economic theory influenced Reaganomics' approach to tax cuts?
Which economic theory influenced Reaganomics' approach to tax cuts?
Laffer Curve
Reagan's increase in defence spending was described as the largest what in U.S. history?
Reagan's increase in defence spending was described as the largest what in U.S. history?
Peacetime military buildup
Who was the Federal Reserve Chairman that Reagan worked with to control inflation?
Who was the Federal Reserve Chairman that Reagan worked with to control inflation?
Paul Volcker
In which decade had inflation been a significant problem that Reaganomics aimed to address?
In which decade had inflation been a significant problem that Reaganomics aimed to address?
1970s
What was the average GDP growth rate per year from 1983 to 1989?
What was the average GDP growth rate per year from 1983 to 1989?
3.5%
What was the peak unemployment rate reached in 1982?
What was the peak unemployment rate reached in 1982?
10.8%
By 1983, inflation had been reduced from over 13% in 1980 to approximately what percentage?
By 1983, inflation had been reduced from over 13% in 1980 to approximately what percentage?
4%
The national debt increased from $907 billion in 1980 to what amount by 1989?
The national debt increased from $907 billion in 1980 to what amount by 1989?
$2.7 trillion
Financial deregulation contributed to which crisis in the late 1980s?
Financial deregulation contributed to which crisis in the late 1980s?
Savings and loan crisis