Macroeconomic Policies (Edexcel A-Level Economics A): Flashcards

Measures to directly impact aggregate supply & potential output

Market-based and interventionist

Selling publicly owned enterprises to the private sector

Removing restrictions to allow markets to function effectively

Investment through education and training

Inverse relationship between unemployment and inflation

High unemployment and high inflation occurring simultaneously

Shift LRAS curve to the right for non-inflationary growth

Has public goods characteristics, needs government intervention

Non-accelerating-inflation rate of unemployment