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2.5 Fiscal policy and supply-side policies

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Question 54

Context 1: REVITALISING PRODUCTIVITY AND COMPETITIVENESS

Extract C

"To break the decade-long cycle of stagnant productivity, the government has announced a sweeping 'supply-side revolution'. The centerpieces of this strategy are a significant reduction in corporation tax from 25% to 15%, the deregulation of labor markets to increase flexibility, and the simplification of planning laws to fast-track commercial development. Proponents argue this market-led deregulation will unleash private enterprise, while critics warn it could lead to increased inequality and a reduction in long-term public investment."

Using the extract and your knowledge of economics, assess the view that market-based supply-side policies are the most effective way to improve a nation's macroeconomic performance.

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Markscheme

2.5 Fiscal policy and supply-side policies Questions

  1. A Level
  2. /Economics
  3. /2.5 Fiscal policy and supply-side policies

245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.

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