Keynesian EconomicsGovernment is involved
Government is in complete control to revive the economy Was made when the U.S. went into the Great Depression Was used to bring U.S. out of depression Tries to get out of debt Better for getting economy out of depression short term effect is a reduction in jobs |
SimilaritiesEconomic theories
both have the same long term effect |
Supply Side EconomicsGovernment isn't involved
Free market True capitalism Better for when economy isn't in turmoil short term effect is an increase in work and a reduction in prices |