To sort the phrases associated with economic theories into the correct containers:
1. John Maynard Keynes:
- Associated with demand-side economics.
2. Arthur Laffer:
- Associated with supply-side economics.
3. Laissez-faire:
- Often favored by Republicans, promoting more economic freedom and minimal government intervention in the economy.
4. Democrats often favor government action to help the economy:
- This aligns with Keynesian economic theory, advocating for government intervention to manage economic fluctuations, stabilize employment, and support demand in the economy.
5. Government can prevent inflation:
- This idea can be linked to the Keynesian belief that government intervention, such as adjusting interest rates or fiscal policies, can help control inflationary pressures in the economy.
By organizing the phrases into these categories, you can understand how different economic theories and beliefs influence policies and actions related to government involvement in the economy.
