During President Ronald Reagan's first term,the course of the American economy
A) went through a severe recession that gave way to a strong recovery.
B) experienced explosive economic growth from the start.
C) experienced a mild recession that turned into a slow and steady recovery.
D) remained mired in "stagflation."
E) moved from being relatively strong into a long, mild recession.

Question

Quizplus · Accepted Answer

During Reagan's first term, the American economy went through a severe recession from 1981 to 1982, but this gave way to a strong recovery that lasted until 1985. This recovery was largely due to Reagan's policies of tax cuts, deregulation, and increased government spending on defense. By the end of Reagan's first term, the economy was growing at its fastest pace in almost 30 years.

During President Ronald Reagan's First Term,the Course of the American