Difference between revisions of "Macroeconomics activity and demand/Short run instability"
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==Supply-Side== | ==Supply-Side== | ||
| − | [[File:Rmundell.jpg|thumb| | + | [[File:Rmundell.jpg|thumb|right|Robert Mundell: a key proponent of Supply-Side]] [[File:Artur Laffer.jpg|thumb|right|Arthur Laffer: a key proponent of Supply-Side]] |
Read this article from Wikipedia about [http://www.wikiwand.com/en/Keynesian_economics "Keynesian Economics"], which covers several aspects of contemporary macroeconomic thinking. Note the emphasis on managing aggregate supply by changing variables including tax rates, deregulating industries, providing incentives for employers to hire workers, and so forth. Some economists argue it is easier and better to prompt changes in the supply side than to prompt changes in variables that affect aggregate demand.}} | Read this article from Wikipedia about [http://www.wikiwand.com/en/Keynesian_economics "Keynesian Economics"], which covers several aspects of contemporary macroeconomic thinking. Note the emphasis on managing aggregate supply by changing variables including tax rates, deregulating industries, providing incentives for employers to hire workers, and so forth. Some economists argue it is easier and better to prompt changes in the supply side than to prompt changes in variables that affect aggregate demand.}} | ||
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Revision as of 23:43, 4 August 2017
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Having read these two chapters, jot down any of your reflections, thoughts or questions on this subject in a WeNotes post.
