Raising productive potential
Raising productive potential
Supply-side policies are measures designed to increase an economy's productive potential and improve the efficiency of markets. If successful, they shift long-run aggregate supply, or LRAS, to the right.
Step-by-step lessons on Edexcel A A Level Economics 2.6.3 Supply-side policies. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.