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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q • Question: • demonstrate an understanding of what Reagan was trying to do to end the fiscal crisis • Explain Reaganomics and what is called supply side economics • Explain why we entered into the Persian Gulf War and why it was a very short war.

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An economy experiences different phases of economic growth, sometimes there are stances where there is tremendous production of goods and services with ample employment opportunities and sometimes there is no growth or precisely we say that the growth has stagnated. This situation is called Stagflation. It is the time where the growth in economy has almost stagnated with high inflation. There is no stopping to the fuelling of the market prices neither there are enough employment opportunities.