Supply-side economics
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Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation, by which it is directly opposed to demand-side economics. 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.
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See also
- Demand-side economics
- Fiscal conservatism
- Gold standard
- Mellonomics
- Monetarism
- Thatcherism
- Trickle-down economics
- Reaganomics
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