Catuaba is a small, vigorous growing tree with yellow and orange flowers and small yellow oval-shaped inedible fruit and grows in the rainforests in the northern part of Brazil.
Its use connotes the ideas of economists Robert Mundell and Arthur Laffer. Supply-side economics is likened by critics to the theory of trickle-down economics, which may, however, not actually have been seriously advocated by any economist in that form.upply-side economics developed during the 1970s in response to Keynesian economic policy, and in particular the failure of demand management to stabilize Western economies during the stagflation of the 1970s. It drew on a range of non-Keynesian economic thought, particularly the Chicago School and Neo-Classical School.
Keynesian economics is not just demand side economics. Keynesian economics is the belief that the government in any capacity plays a role in stimulating the economy. Supply side economics is still Keynesian in theory because it relies on the government to take an action.Demand side economics was not to blame for the stagflation of the 1970's. A supply shock caused by an energy crisis did.When businesses have to raise their prices because of a sudden increase in their fixed costs it causes a wage/price spiral where the cost of goods rise while wages go stagnant.emand side economics was not to blame for the stagflation of the 1970's. A supply shock caused by an energy crisis did. When businesses have to raise their prices because of a sudden increase in their fixed costs it causes a wage/price spiral where the cost of goods rise while wages go stagnant.