https://padlet.com/caleb_crigler/oclgbbgryt7x Economics Project en-us 2018-05-09 17:53:44 UTC 2025-05-11 21:39:21 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rocket.png caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/259402316 Policies implemented by the government to increase aggregate supply]]> 2018-05-09 18:08:52 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/259402316 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/259406837 Policies that focus on the consumer side.]]> 2018-05-09 18:19:49 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/259406837 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260056875 Demand-side economists argue tax breaks for the wealthy produces little, if any, economic benefit because most of the additional money is not spent on goods or services. Instead, they argue increased government spending will help to grow the economy by spurring additional employment opportunities. They cite the lessons of the Great Depression of the 1930s as evidence increased government spending spurs growth.

-Demand-side economics. (2018, February 17). Retrieved from https://en.wikipedia.org/wiki/Demand-side_economics]]> 2018-05-11 18:45:24 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260056875 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260615155 Supply-side economics is a macroeconomic theory that argues economic growth can be most effectively created by lowering taxes and decreasing regulation. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices and employment will increase. It was started by economist Robert Mundell during the Ronald Reagan administration.]]> 2018-05-14 19:11:11 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260615155 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260981262 John Maynard Kaynes.]]> 2018-05-15 18:47:01 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260981262 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260982009 President Ronald Reagan.]]> 2018-05-15 18:49:13 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260982009 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260982746 That cutting taxes on the producing class (Businesses, Entrepreneurs, Investors) will provide incentive for them to invest and grow their businesses, thus creating jobs and growing the economy. ]]> 2018-05-15 18:51:07 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260982746 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260984231 2018-05-15 18:55:12 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260984231 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260984415 Supply side and demand side refer to the two fundamental drivers of price and production in an economy. In beginning economics classes, you're introduced to the Supply-Demand Diagram, in which both sides are represented by a line, which is a crude function of price over quantity.

]]> 2018-05-15 18:55:39 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/260984415 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/261709136 an example of what demand-side economics is doing today]]> 2018-05-17 18:35:27 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/261709136 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/261710573 2018-05-17 18:39:08 UTC https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/261710573 caleb_crigler https://padlet.com/caleb_crigler/oclgbbgryt7x/wish/261714852 1. President Reagan put supply-side economics into practice in the 1980s. He used it to combat stagflation. That's a rare combination of stagnant economic growth and high inflation. For this reason, supply-side economics is also called Reaganomics. Reagan was an advocate of laissez-faire economics. He believed the free market and capitalism would solve the nation's woes. His policies matched the "greed is good" mood of 1980s America.

2.
Tax Cuts. Reagan cut tax rates enough to stimulate consumer demand. By Reagan's last year in office, the top income tax rate was 28 percent for single people making $18,550 or more. Anyone making less paid no taxes at all. That was much less than the 1980 top tax rate of 70 percent for individuals earning $108,000 or more. Reagan indexed the tax brackets for inflation. Reagan offset these tax cuts with tax increases elsewhere. He raised Social Security payroll taxes and some excise taxes. He also cut several deductions. Reagan cut the corporate tax rate from 46 percent to 40 percent. But the effect of this break was unclear. Reagan changed the tax treatment of many new investments. The complexity meant that the overall results of his corporate tax changes couldn't be measured.

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