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Modern Economic Theories
Part I of Essay
Two controversial economic policies are Keynesian economics
and Supply Side economics. They 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 .... Part II of Essay
.... in
disguise. Keynes was not a socialist, he just wanted to make sure
that the people had enough money to invest and help the economy
along.
As far as stressing extremes, Keynesian economics pushed for a
“happy medium” 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 a ....
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Words: 499 - Pages: 2
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