To supply-siders, the key to any economic stabilization is managing aggregate supply. What kinds of policy do they advocate, and what out comes do they expect to achieve?
Answer to relevant Questions"Unions make it difficult for government to reduce the rate of unemployment." Discuss the logic underscoring this view and show how it relates to the Phillips curve. Explain why unemployment insurance is a good example of an automatic stabilizer. What is the principal difference between Medicare and Medicaid? What are Treasury securities? Who owns them? How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, using any set of quantities and prices to make your point.
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