Supply Side Policis Flashcards
1
Q
What are Supply Side Policies
A
These are government attempts to increase productivity and shift AS to the right. Aimed at making markets and industries operate more efficiently.
2
Q
How does Supply Side Policies help the economy
A
- Lower Inflation
- Lower unemployment
- Improve economic growth
- Improve trade and balance of payments
3
Q
Examples of Supply Side Policies
A
- Privatisation
- Deregulation
- Reducing Taxes
- Increase Education & Training
- Improving transport and infrastructure
