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How can the theory of duality help policymakers regarding supply-side economics? Discuss.
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- Differentiate between monetary and fiscal policy.What is the Laffer Curve, and how does it relate to supply-side economics? Why is determining the economy’s location on the curve so important in assessing tax policy?Recalling Clasical, Keynesian, and now Supply side economics. How would you describe each school
- TRUE/FALSE According to our discussion of supply side economics, there are positive aggregate demand side effects and positive supply side effects, similar to what happened during the new economy.Define the following: -Inside lag -Outside lag Which has the longer lag-monetary or fiscal policy? Which has the longer outside lag? Give reasons for your answer?Predict how possible changes in monetary and/or fiscal policy may impact the supply and demand of the iPhone.
