Economics 9708 · AS & A Level · Supply-side policy

Supply-side policy — practice question

(a)[8]

Explain why spending on education and training is a supply-side policy, and consider why its effect on the general price level may vary in the short run and the long run.

(b)[12]

Assess whether the effects of inflation on an economy are always harmful.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1: Supply side policy is a set of government policy tools intended to raise aggregate supply.” …

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