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After reading the article on Supply-side economics and conducting your own research on the topic, answer the following: What is the history of Supply-side economics
After reading the article on Supply-side economics and conducting your own research on the topic, answer the following:
- What is the history of Supply-side economics and who have been some of the advocates for this approach to growing the economy?
- How would you contrast Supply-side economics with Demand or Keynesian economics theory?
- What is the Laffer curve and how does it relate to Supply-side economics?
- Why is Supply-side economics sometimes called trickle-down economics? Is this an accurate depiction and if not, what might be a better description?
- In our current economic situation, what action might the administration take to pursue a policy reliant upon Supply-side economics?
- What approach do you recommend in terms of public policy to help grow the economy?
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