The "Reagan Revolution," a significant shift in American economic and political policy associated with President Ronald Reagan's own election in 1980 and his subsequent presidency, generally emphasized:
- **A)** Significant reductions in federal income tax rates, reduced federal regulation of business, and a generally more skeptical view of expansive federal government economic intervention (representing a notable shift away from the more expansive federal governmental role already discussed at multiple points throughout the previous unit's coverage of the New Deal and the Great Society) - Reagan's own economic policy approach, sometimes called "Reaganomics" or "supply-side economics," reflected a broader conservative political movement that had been building considerably over the preceding years, and it represents a very significant, historically consequential shift in the broader trajectory of American economic and political policy discussed throughout this unit's covered period
- **B)** The Reagan Revolution having no meaningful, describable relationship to tax policy, deregulation, or the broader conservative shift in American economic and political policy already discussed at multiple points throughout this unit
- **C)** A very significant expansion, rather than reduction, of federal income tax rates and federal business regulation, a characterization that directly reverses Reagan's own actual, well-documented significant tax and regulatory reduction policy approach
- **D)** A continuation, without any meaningful change or distinction of any kind, of the exact same economic and political policy approach already pursued during the immediately preceding Carter administration, already discussed in the previous unit, a characterization that inaccurately minimizes the very significant policy shift Reagan's own election and presidency actually represented
The Reagan Revolution generally emphasized significant reductions in federal income tax rates, reduced federal regulation of business, and a generally more skeptical view of expansive federal government economic intervention, representing a notable shift away from the more expansive federal governmental role already discussed in the previous unit's coverage of the New Deal and the Great Society. Reagan's economic policy approach, sometimes called "Reaganomics," reflected a broader conservative political movement that had been building considerably over the preceding years.