Monetarism
Milton Friedman - inflation occurs when there is too much money chasing too few goods
Supply-side tax cuts Arthur Laffer, Paul Craig Roberts - belief lower taxes and fewer regulations create incentives for investment, leading to more tax revenues
Keynesianism John Maynard Keynes - health of the economy depends on income people save or spend Economic planning
John Kenneth Galbraith - belief gov. should plan parts of a country's economic activity (control wages and prices) . Gov. regulation of max. prices can be charged and wages can be paid (this will control inflation
Industrial policy- an economic philosophy that government planning or subsidizing investments in industries need to recover or new and better industries need to replace them Reaganomics - beliefs a combination of monetarism, supply-side tax cuts, and domestic budget cuts will stimulate the economy
Kavungya answered the question on May 2, 2019 at 12:03
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