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by temp10298385
1659 days ago
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Giving people more money (i.e tie wages to increase in productivity) is demand side economics. Supply side economics is increasing the amount of available goods regardless of demand. The lagging wages are mitigated by credit, i.e. debt. |
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“ Supply-side economics is a macroeconomic theory that postulates economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade”