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*noun*; a subdivision of economics that focuses on addressing recessions by [stimulating] supply, rather than demand. During a recession, supply siders recommend cutting taxes rather than [increasing] government spending. "Supply side" is in contrast to traditional practitioners of Keynesianism, "demand siders" who believe the main fiscal policy tool for recessions should be increased government spending. Both supply siders and demand siders believe the government is [responsible] for formulating effective fiscal policy during recessions. The most famous advocate of supply side economics was Arthur Laffer.
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