What economic policy is associated with President Ronald Reagan, often termed "trickle down" economics?

The economic policy associated with President Ronald Reagan known as "trickle down" economics is indeed supply-side economics. This approach prioritizes tax cuts and deregulation as a means to stimulate economic growth. The core idea behind supply-side economics is that by lowering taxes for businesses and high-income earners, investments will increase, leading to greater production, job creation, and ultimately, an increase in income for all economic classes.

Proponents argue that as businesses expand and more jobs are created, the benefits will "trickle down" to the rest of the population through wage increases and employment opportunities. This policy was a cornerstone of Reagan's economic agenda in the 1980s, which aimed to revitalize the American economy during a period of stagflation characterized by high unemployment and inflation.

In contrast, other economic theories like demand-side economics emphasize stimulating the economy by increasing consumer demand, Keynesian economics focuses on government spending to influence economic activity, and monetarist economics centers on managing the money supply to control inflation. These differing approaches highlight the unique principles of supply-side economics and its association with Reagan's presidency.