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Author Question: Demand-pull inflation is due to: a. minimum wage laws. b. labor cost increases. c. excess total ... (Read 75 times)

jerry coleman

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on: Jun 30, 2018
Demand-pull inflation is due to:
 a. minimum wage laws.
  b. labor cost increases.
  c. excess total spending.
  d. tax increase.

Question 2

Discuss the differences between Keynesian and supply-side fiscal policies.


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Sweetkitty24130

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

The essential difference is that Keynesians attempt smooth out the business by changing aggregate demand (total spending). The supply-siders focus on creating greater incentives to work, save and invest in order to shift the aggregate supply curve to the right. Keynesian economics is essentially demand-side economics. Supply-side economics focuses on the supply side of the AD-AS model.


jerry coleman

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
Excellent

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