What term describes President Ronald Reagan's economic policies during the 1980s?

The term that describes President Ronald Reagan's economic policies during the 1980s is "Reaganomics." This term encompasses the key principles that guided his economic strategy, which included tax cuts, deregulation, and a focus on stimulating economic growth through supply-side policies. Reaganomics emphasized the idea that lower taxes would encourage businesses and individuals to invest and spend more, leading to increased economic activity and job creation.

In the context of Reagan's policies, some elements, such as supply-side economics, are components of Reaganomics but do not fully capture the range of strategies employed. New Federalism refers to a different approach aimed at decentralizing power by transferring responsibilities from the federal government to the states, which was not the primary focus of Reagan's economic policies. Keynesian economics, on the other hand, advocates for active government intervention in the economy to manage demand and is fundamentally at odds with the principles of Reaganomics. Thus, "Reaganomics" is the most accurate and encompassing term for describing the economic policies during Reagan's presidency.