Define demand-side and supply-side policies. Sometimes it is said that Keynesians advocate demand-side policies and monetarists advocate supply-side policies. Is there any accuracy in this statement?
Answer to relevant QuestionsWhat is the relationship between ‘successful’supply-sidepolicies and unemployment in (i) the short run and (ii) the long run, according to (a) Keynesian and(b) Monetarist assumption?Compare the relative merits of pro-market and interventionist solutions to regional decline.Why is it difficult to estimate the magnitude of the benefits of completing the internal market of the EU?Under what circumstances does a growth in financial flows make exchange rates less stable?If a developing country has a comparative advantage in primary products, should the government allow market forces to dictate the pattern of trade?
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