1
Q
define supply side policy
A
Supply-side policies are long-term measures to increase the productive capacity of the economy, leading to an outward shift
of the production possibility curve
2
Q
what are the effects of supply side policy measures on macroeconomic aims
A
- economic growth
- full and low employment
- stable prices and low inflation
- redistribution of income
- balance of payments stability
economics
flashcards
Decks in class (38)
# Cards
-
1.116
-
1.215
-
1.35
-
1.414
-
2.14
-
2.210
-
2.316
-
2.413
-
2.57
-
2.614
-
2.79
-
2.89
-
2.96
-
market failure14
-
mixed economic system14
-
money and banking10
-
households10
-
workers35
-
trade unions29
-
firms32
-
firms and production16
-
firms cost, revenue and objectives18
-
the role of the government7
-
the macroeconomic aims of government7
-
fiscal policy19
-
monetary policy3
-
supply side policy2
-
economic growth16
-
employment and unemployment18
-
inflation and deflation13
-
living standards5
-
poverty6
-
population22
-
differences in economic development between countries3
-
international specialisation6
-
globalisation, free trade and protection15
-
foreign exchange rate11
-
current account of balance of payments11
