What was a key element of Reagan and plan to meet the economic crisis in 1981?

A key element of Reagan's plan to address the economic crisis in 1981 was the implementation of supply-side economics, often referred to as "Reaganomics." This approach focused on cutting taxes for individuals and businesses to stimulate investment and economic growth. The plan also included reducing government regulation and spending to encourage private sector expansion. Reagan believed that these measures would lead to job creation and ultimately improve the overall economy.