Which economic theory is often associated with Ronald Reagan's presidency?

The economic theory most commonly associated with Ronald Reagan's presidency is known as "Trickle-Down Economics." This approach is based on the idea that benefits provided to the wealthy and businesses will eventually trickle down to the broader population in the form of job creation, increased investment, and overall economic growth. Reagan implemented policies that favored tax cuts for the wealthy, deregulation, and reducing the size of government in an effort to stimulate the economy.

Trickle-Down Economics is built on the premise that when higher-income individuals and corporations have more capital due to tax cuts, they are more likely to invest that money back into the economy, which in turn should help improve conditions for everyone, including lower-income groups. While the theory is contentious and has faced criticism regarding its effectiveness and real-world outcomes, it remains closely linked to Reagan's economic policies during his time in office.

Other theories, such as Keynesian Economics, focus on government intervention to manage economic cycles, while Supply-Side Economics, though sometimes used synonymously with Trickle-Down, emphasizes tax cuts for producers rather than merely the idea of benefits trickling down. Modern Monetary Theory is a more contemporary framework that views government spending in a significantly different light, making it less relevant to the economic