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Supply-side Policies · Paper 1 — Free Economics HL Practice Questions
1FoundationSAQ-SObjectives of supply-side policies4 marksPaper 1~6 min
An economy is experiencing high unemployment and low economic growth. The government decides to introduce supply-side policies to address these issues.
(a)
Define the term "supply-side policies." [2 marks]
(b)
Using an example, explain how one supply-side policy could reduce unemployment in this economy. [2 marks]
Solutions
2FoundationSAQ-SObjectives of supply-side policies4 marksPaper 1~6 min
After a period of low productivity growth, the government of India announces a new set of supply-side policies aimed at boosting the economy's long-run performance.
(a)
Define the term "supply-side policies." [2 marks]
(b)
Using India as a context, explain how one supply-side policy could improve productivity. [2 marks]
Solutions
3MasterySAQ-SObjectives of supply-side policies4 marksPaper 1~6 min
The government of Country Delta is concerned about its persistently high inflation rate. Some advisors recommend demand-side policies, while others recommend supply-side policies to reduce inflationary pressure.
(a)
Using an AD/AS , explain how supply-side policies that increase productivity can help achieve price stability. [2 marks]
(b)
Evaluate the effectiveness of productivity-enhancing supply-side policies a means of achieving price stability compared to demand-side policies. [2 marks]
Solutions
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