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5.4 Supply-side policy (available in August)

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Caris Liew
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Description

In this chapter you will learn how to:

  • define the meaning of supply-side policy in terms of its effects on LRAS curves
  • explain the objectives of supply-side policy (to increase productivity and productive capacity)
  • analyse the tools of supply-side policy, including training, infrastructure development and support for technological improvement
  • discuss, using AD/AS analysis, the impact of supply-side policy on the equilibrium national income, the level of real output, the price level and employment.
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