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

Supply-side policy — practice question

(a)[8]

Use an AD/AS diagram to explain how this funding affects the level of output in the economy.

(b)[12]

Discuss the extent to which a supply-side policy that includes new road schemes and new training schemes will raise the rate of inflation in the economy.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: An accurate AD/AS diagram showing national output in equilibrium

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