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Keynesian economics and Supply-side economics

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Keynesian economics and Supply-side economics

Keynesian economics vs. Supply-side economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy). Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation.

Similarities between Keynesian economics and Supply-side economics

Keynesian economics and Supply-side economics have 16 things in common (in Unionpedia): Bretton Woods system, Business cycle, Classical economics, Financial crisis of 2007–2008, Inflation, James Tobin, John Maynard Keynes, Macroeconomics, Milton Friedman, Monetarism, New classical macroeconomics, Paul Krugman, Paul Samuelson, Richard Nixon, Say's law, 1973–75 recession.

Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

Bretton Woods system and Keynesian economics · Bretton Woods system and Supply-side economics · See more »

Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

Business cycle and Keynesian economics · Business cycle and Supply-side economics · See more »

Classical economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

Classical economics and Keynesian economics · Classical economics and Supply-side economics · See more »

Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

Financial crisis of 2007–2008 and Keynesian economics · Financial crisis of 2007–2008 and Supply-side economics · See more »

Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

Inflation and Keynesian economics · Inflation and Supply-side economics · See more »

James Tobin

James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

John Maynard Keynes and Keynesian economics · John Maynard Keynes and Supply-side economics · See more »

Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

Keynesian economics and Macroeconomics · Macroeconomics and Supply-side economics · See more »

Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Keynesian economics and Milton Friedman · Milton Friedman and Supply-side economics · See more »

Monetarism

Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.

Keynesian economics and Monetarism · Monetarism and Supply-side economics · See more »

New classical macroeconomics

New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework.

Keynesian economics and New classical macroeconomics · New classical macroeconomics and Supply-side economics · See more »

Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times.

Keynesian economics and Paul Krugman · Paul Krugman and Supply-side economics · See more »

Paul Samuelson

Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.

Keynesian economics and Paul Samuelson · Paul Samuelson and Supply-side economics · See more »

Richard Nixon

Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was an American politician who served as the 37th President of the United States, serving from 1969 until 1974, when he resigned from office, the only U.S. president to do so.

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Say's law

In classical economics, Say's law, or the law of markets, states that aggregate production necessarily creates an equal quantity of aggregate demand.

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1973–75 recession

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall Post–World War II economic expansion.

1973–75 recession and Keynesian economics · 1973–75 recession and Supply-side economics · See more »

The list above answers the following questions

Keynesian economics and Supply-side economics Comparison

Keynesian economics has 150 relations, while Supply-side economics has 115. As they have in common 16, the Jaccard index is 6.04% = 16 / (150 + 115).

References

This article shows the relationship between Keynesian economics and Supply-side economics. To access each article from which the information was extracted, please visit:

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