Further Policies (Edexcel A-Level Economics A): 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 primary goal of supply-side policies?
What is the primary goal of supply-side policies?
Shift LRAS right for non-inflationary growth
Which two categories classify supply-side policies?
Which two categories classify supply-side policies?
Market-based and interventionist policies
What is the main purpose of privatisation as a supply-side policy?
What is the main purpose of privatisation as a supply-side policy?
Improve efficiency via competition & profit
How might high unemployment benefit affect labour supply?
How might high unemployment benefit affect labour supply?
Discourages work, reducing aggregate supply
When education policies shift LRAS from to , what happens to price?
When education policies shift LRAS from to , what happens to price?
Price falls from to
Why does infrastructure require government intervention?
Why does infrastructure require government intervention?
Has public goods characteristics
What relationship does the Phillips curve show?
What relationship does the Phillips curve show?
Inverse relationship: unemployment & inflation
What is stagflation?
What is stagflation?
High unemployment & high inflation together
What does NAIRU stand for?
What does NAIRU stand for?
Non-accelerating-inflation rate of unemp.
What is the primary aim of demand-side policies?
What is the primary aim of demand-side policies?
Stabilise macroeconomy in short run