Which president believed in the principle of trickle-down economics?A.Ronald Reagan.B.Jimmy Carter.C.Bill Clinton.D.Lyndon Johnson.

Identification of Key Concepts

Trickle-down economics is an economic theory which purports that benefits given to the wealthy or businesses will eventually trickle down to the broader population in the form of job creation and economic growth.

Relevant Knowledge

The theory gained significant traction during the presidency of Ronald Reagan in the 1980s. Reagan implemented tax cuts for the wealthy and corporations, asserting that these measures would stimulate investment and, consequently, the economy as a whole.

Analysis of Options

1. A. Ronald Reagan - Known for advocating trickle-down economics through tax cuts and deregulation.
2. B. Jimmy Carter - Focused more on social programs and regulation during his term.
3. C. Bill Clinton - While he did deregulate certain industries, he is not primarily associated with trickle-down economics.
4. D. Lyndon Johnson - His Great Society programs were aimed more at social welfare than economic policies associated with trickle-down economics.

Conclusion

The correct answer is A. Ronald Reagan, as he was the president who most notably endorsed and implemented policies reflecting the principles of trickle-down economics.