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Macro assessment > Demand and supply side policies > Flashcards

Demand and supply side policies Flashcards

1
Q

Supply-side policy definition

A

Policies that improve the productive potential of the economy by leading to an outward shift of LRAS and an increase in actual growth

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2
Q

Demand-side policy definition

A

Policies designed to manipulate AD

Expansionary: Increase AD
Deflationary: Less AD and inflation

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Macro assessment (11 decks)

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