Supply-Side Policy
49 questions· page 1 of 5
Discuss the view that supply side policies to increase the supply of labour to an economy are likely to be more successful than those designed to increase the supply of entrepreneurship.
Discuss the advantages and disadvantages of supply-side policy and consider its effectiveness in an economy that is facing a labour shortage.
Assess the extent to which supply-side policy is the best method to reduce the rate of inflation.
Assess the extent to which using fiscal policy would be the best way to reduce a high rate of inflation.
Assess whether government policy can influence an economy’s comparative advantage in a good or service.
Assess the extent to which the use of supply-side policy would be the best way to reduce a deficit on the current account of the balance of payments.
Assess whether supply-side policy or demand-side policy is the better way of reducing this inflation.
Low unemployment is a macroeconomic policy objective for a government.
Assess the extent to which this is most likely to be achieved by supply-side policy.
The Chinese government has re-emphasised its commitment to rebalancing the economy from one focused mainly on investment and exports to one aiming to increase the proportion spent on domestic consumption.
Assess the extent to which it would be possible to achieve this by fiscal policy alone.