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.

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.

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