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The economic situation at the beginning of Ronald Reagan s first term in which unemployment and inflation were both high was referred to as Reaganomics. trickle-down economics. the Strategic Initiative. stagflation.

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Kalahira
Reaganomics was the name for Ronald Reagan's economic system used during his presidency, Trickle down economics is a capitalistic term used to describe the flow of income going down from workers at the top of a corporation streaming down to the bottom, and the Strategic Initiative is a broad term intended to achieve a goal either with an idea or a person in a certain position of power. The answer is Stagflation.
Parrain

Based on the fact that both unemployment and inflation were high when Reagan became president, this is a situation known as Stagflation.

What happens in Stagflation?

When an economy is experiencing stagflation, it means that the economy is not healthy and yet inflation is rampant. Unemployment will therefore be on the rise.

This is not normal because inflation usually comes when an economy is growing. This is what makes stagflation an anomaly.

Find out more on stagflation at https://brainly.com/question/23113698.

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