Supply-Side Policies (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the main aim of supply-side policies?
What is the main aim of supply-side policies?
Shift LRAS curve to the right
What does supply-side economics focus on improving?
What does supply-side economics focus on improving?
Competitiveness & efficiency of markets
Which type of policy aims to make government an 'enabler' rather than a 'provider'?
Which type of policy aims to make government an 'enabler' rather than a 'provider'?
Market-based supply-side policies
Which are examples of market-based supply-side policies?
Which are examples of market-based supply-side policies?
Privatisation & deregulation
According to the Laffer curve, what happens to tax revenue at 0% and 100% tax rates?
According to the Laffer curve, what happens to tax revenue at 0% and 100% tax rates?
Both yield zero revenue
What should government do to increase revenue when beyond the optimal point on the Laffer curve?
What should government do to increase revenue when beyond the optimal point on the Laffer curve?
Cut tax rates
How do supply-side policies reduce the natural rate of unemployment?
How do supply-side policies reduce the natural rate of unemployment?
Shift labour demand & supply curves right
Which types of inflation can supply-side policies help reduce?
Which types of inflation can supply-side policies help reduce?
Both cost-push & demand-pull
What happens with a backward-bending labour supply curve above a certain wage rate?
What happens with a backward-bending labour supply curve above a certain wage rate?
Workers supply fewer hours
Which are examples of interventionist supply-side policies?
Which are examples of interventionist supply-side policies?
Education, training & infrastructure