... policy of this time was known as Reaganomics', and it emphasized using monetary policy to combat inflation, and lower marginal tax rates to restore the reward for work, saving and investing and to boost productivity and growth. Many demand side advocates predicted that this would only increase inflation, unemployment, and lead to a general decline in the economy. Contrary to these predictions ... nearly as high percentage-wise as it has been. The upswing in the economy has been attributed to the increase in high-tech industries, and the continued success of the stock market, and the inc...

• Word Count: 1294
• Approx Pages: 5
• Grade Level: Undergraduate