aggregate supply

Question 1

define aggregate supply policies

Answer 1

any government initiative that is designed to reduce the costs of production and improve supply conditions

Question 2

example of a budgetary policy and how much is spent

Answer 2

spending on training and education

$11 million spent on higher education

Question 3

trade liberalisation + policy

Answer 3

any initiative that is designed to promote free trade or reduce restrictions to free trade with other countries

policy
reducing tariffs (taxes on M)

Question 4

one market-based environmental policy

Answer 4

Emissions Reduction Fund
provides businesses with the opportunity to earn carbon credit units for every tonne of carbon dioxide contained through new technology