Learning objectives
Explain supply-side policy as action to shift the LRAS curve by raising productivity and productive capacity
Describe supply-side tools such as education and training, infrastructure investment, support for new technology, tax incentives and deregulation
Use AD/AS analysis to show the effect of supply-side policy on real output, the price level and employment
Evaluate supply-side policy, considering time lags, cost to the government and how it compares with demand-side policy
(A Level) Distinguish market-based from interventionist supply-side policies
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