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3.7.2 Costs and benefits of supply side policies
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Why supply-side policy can support growth without extra inflation

Why supply-side policy can support growth without extra inflation

Supply-side policies aim to increase the economy's productive capacity by improving productivity, skills, infrastructure, competition, or incentives to work and invest. This shifts long-run aggregate supply to the right, allowing the economy to produce more at each price level. As a result, long-run economic growth can occur without the same inflationary pressure as demand-side expansion.

3.7.2 Costs and benefits of supply side policies Lesson

  1. GCSE
  2. /Economics
  3. /3.7.2 Costs and benefits of supply side policies

Step-by-step lessons on OCR GCSE Economics 3.7.2 Costs and benefits of supply side policies. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons