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Modern Economic Theories
Part 1 of Paper
....hey represent opposite sides of the
economic policy spectrum and were introduced at opposite ends of the
20th century, yet still are the most famous for their effects on
the economy of the United States when they were used.
The founder of Keynesian economic theory was John Maynard .... Part 2 of Paper
....edium” where output and prices are constant, and there is no
surplus in supply, but also no deficit. Supply Side economics
emphasized the supply of goods and services. Supply Side economics
supports higher taxes and less government spending to help economy.
Unfortunately, the Supply Side theory was applied in excess during
a period in which it was not completely necessary.
The Supply Side theory, also known as Reganomics, was
initiated d.... |
| Number of words: 499 - Approximate pages: 2 |
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