The rise of the New Right in American politics during the late 1970s and early 1980s was largely characterized by a renewed emphasis on:

The correct answer to the question "The rise of the New Right in American politics during the late 1970s and early 1980s was largely characterized by a renewed emphasis on:" is Option B: Deregulation, lower taxes, and conservative social values..

The other options — A) Expansion of federal social welfare programs., C) Increased government intervention in the economy., D) A more conciliatory approach to the Soviet Union. — are incorrect for this CLEP Exam Prep question. As explained above: The New Right championed conservative principles including fiscal conservatism (lower taxes, deregulation) and a return to traditional social values, leading to Ronald Reagan's election.