EconomicsCode 9708
Supply-side policy
What this topic asks you to be able to do
- what supply-side policy means, as seen through its influence on the position of LRAS curves
- the goals of supply-side policy: raising productivity and the economy's productive capacity
- the instruments of supply-side policy, for example skills training, infrastructure building, and backing for technological advancement
- how supply-side policy changes equilibrium national income, real output, the price level and employment, shown through AD/AS analysis