Learning objectives
Define supply-side policy as measures that raise the productive capacity of an economy
Describe the supply-side measures: education and training, infrastructure spending, labour market reforms, lower direct taxes, deregulation, better incentives to work and invest, and privatisation
Analyse how supply-side measures can help a government to achieve each of its macroeconomic aims
Discuss the limits of supply-side policy, including its cost and the time it takes to work
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