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The effect os supply-side stimulation, the theory goes, will be to increase productive output enough to both increase employment & tamp down inflation, & thus improve the lot of people of all economic levels.
Essentially, the effects of such government outlays can be summarized into three broad categories: the opportunity cost of the resources allocated to national defence, encapsulated by the guns vs butter dilemma; demand stimulation; and supply side effects (inter alia: Drèze 2006; Dunne and Tian 2016; Dunne and Uye 2010; Hou and Chen 2013; Desli et al. 2016).
As for demands in this area, there can be rigid demand without any market stimulation; it is only a matter of whether the supply side accurately targets these differentiated needs across the social classes.
The supply side is largely unscathed.
The rigid board symbolises the supply side.
"The supply side is the easy part.
They operate on the supply side.
Sadly, their grasp of the supply side appears little improved.
"The problem we see is really on the supply side".
Any reforms should boost the economy's supply side.
The problems are compounded on the supply side.
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