The hallmark of President Ronald Reagan's administration was supply-side economic policies. True or False?

The statement is true because President Ronald Reagan's administration is widely recognized for its implementation of supply-side economic policies, which emphasized the importance of reducing taxes and decreasing regulation to stimulate economic growth. The core idea behind supply-side economics is that lower tax rates increase incentives for individuals and businesses to produce, invest, and engage in economic activities, which in turn leads to overall economic expansion and job creation. Reagan's policies included significant tax cuts, particularly for higher earners and corporations, with the belief that this would lead to increased investments and economic growth. This approach marked a significant shift in economic thinking during the 1980s and has had a lasting impact on U.S. economic policy discussions.

While Reagan's first term is often highlighted for these policies, they were a fundamental part of his entire administration, extending into his second term as well. Therefore, the correct answer reflects the comprehensive nature of supply-side policies during Reagan's time in office.