Reading Response (500 words, single spaced, Times Roman 12 inch font)

Read the article from August 24, 2018 ¡°The Good Times Can Roll On,¡± by Edward Prescott and Lee Ohanian. Write a brief essay (500 words, single spaced, Times Roman 12 inch font) that assesses claims made in this article. Consider whether the article takes a ¡°supply-side¡± or a ¡°demand-side¡± perspective. Describe whether you agree with the overall argument? Have recent developments in late 2019 or early 2020 changed the outlook? Comment briefly on one or two key policy issues that now face the country. Focus on the incentive to invest and work narratives. Juxtapose these narratives against your understanding of the Keynesian view. The article argues that policies aimed at increasing incentives to invest (lower capital-tax rate) and work lead to strong economic growth. Conversely, polices that depress these incentives lead to lower growth. The authors also point to deregulation, trade policies, and health care costs as factors that can either improve or negatively affect economic growth.