Understanding Trickle-Down Economics

What is another name for supply-side economics?

• Demand-side economics

• Trickle-down economics

• Keynesian economics

• Monetary economics

In the ice cream cone analogy, who represents the cherry on top?

• The middle class

• The government

• The working class

• The elite or upper class

What is the main idea behind trickle-down economics?

• Increasing government spending

• Reducing interest rates

• Providing tax cuts to the wealthy

• Increasing tariffs on imports

Which economic theory is associated with FDR and Lyndon Johnson?

• Classical economics

• Keynesian economics

• Trickle-down economics

• Supply-side economics

What is the primary focus of Keynesian economics?

• Reducing taxes for the wealthy

• Increasing supply of goods

• Privatizing public services

• Government intervention to create jobs