Which description best captures Reagan-era economic policy and its social consequences?

Which description best captures Reagan-era economic policy and its social consequences?

• A. Tax cuts, deregulation, and increased defense spending spurred growth but widened deficits and inequality.
• B. Tax increases and expanded welfare programs.
• C. A balanced approach with equal tax cuts and spending.
• D. Expansion of welfare with reduced defense spending.

Answer: (A)