Here is the synopsis of our sample research paper on SUPPLY SIDE ECONOMICS/REAGANOMICS AND KEYNESIAN THEORY. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper focuses on the difference between Keynesian economic theory (which was popular during the 1960s and 1970s) and supply-side economics (which was popularized in the 1980s during the presidency of Ronald Reagan). Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTkeysup.rtf
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Unformatted sample text from the term paper:
tried to determine the best "theory" so the economy can do its job in allocating resources in the proper fashion. During the
latter part of the 20th century, two economic theories -- Keynesian theory, named after economist John Maynard Keynes, and supply-side theory -- had their supporters and their critics. In this
paper, well compare both, as Keynesian theory was huge during the day of President John F. Kennedy, and 20 years later, President Ronald Reagan built a successful presidency on supply-side
economics. A Keynesian economist is a believer that government intervention in the marketplace and monetary policy both is the way in which
economic growth and stability can take place (Investopedia.com, 2005). Though Keynesians acknowledge that there are business cycles in any economic cycle, its the role and responsibility of government to "smooth
out the bumps" through interventions such as government spending and tax breaks to stimulate the economy -- and spending cuts and tax hikes during strong economic times so inflation doesnt
occur (Investopedia.com, 2005). Supply-side economists, on the other hand, believe that the government needs to influence the supply of labor and goods
as the way to economic health, rather than moving through macroeconomic methods (Answers.com, 2005). During the 1980s, such measures included tax and benefits cuts, with the reasoning behind this that
incentive to work would have been increased (thus providing the demand for goods and services) (Answers.com, 2005). The theory behind supply-side economics is that government invention and regulation tends to
discourage private investment in areas that would boost economic expansion, and that more capital in the hands of private sector individuals and corporations would "trickle down" to the remainder of
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