supplyside policies Flashcards
1
Q
What are the two types of supply side polices?
A
Interventionist and market based ssp’s
2
Q
What purpose do supply side polices serve?
A
Increase the productive capacity of the economy,shifting LRAS to the right
3
Q
What are three interventionist ssp’s?
A
Gov spending on education/training, gov spending on infrastructure, subsidies to firms to promote inward investment
