Question

why are some economists against the "supply slide economics" theory? and why are do some support it?

Answer 1

ans:supply side economic 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 economic.

​​​​​​according to suppy-side economic, consumers will then benefit from a greater supply of goods and services at lower price and employment will increase.

The laffer curve, a theoretical relationship between rates of taxation and government revenue which suggest that lower tax rates when the tax level is to high will actually boost government revenue because of higher economic growth, is one the main theoretical constructs of supply -side economic.

The term "supply- side economics" Was thought for some time to have been coined by journalist Jude wanniski in 1975,but according to Robert D. Atkinson the term "supply side" Was first used in 1976 by harbert Stein (a former economic adviser to president rechad Nixon)  and only later that year was this term repated by Jude wanniski. It's use connotes the ideas of economists robert mundall and Arthur laffer.

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