Description Regagonomics: Impact and Legacy This case highlights the use of supply side economics a ...

---

Description Regagonomics: Impact and Legacy This case highlights the use of supply side economics and tax cuts. This ideology was referred to as by George H.W. Bush as “voodoo economics.” The legacy, also touted in the recent Trump administration, was known as “Trickle Down economics.” Apply the assigned readings in weeks 1- 4 and the case facts to answer the following questions raised by the case. Some outside research is also acceptable. Answer all 5 questions and subparts separately. The paper should be a minimum of 7-10 pages. See the syllabus for drafting instructions. Only the team presenting should prepare a power point presentation. Question #1: As noted in the case, University of Chicago economist, Milton Friedman advocated a flat tax. What is a flat tax? How does a flat tax impact economic growth? How is it different from Keynesian philosophy? Question #2: President Reagan adopted supply side economics. What is the supply side economic theory? How do tax cuts facilitate supply side economics?