2.6.3 Supply-side policies 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 18-04-19 11:08 984236157 Across 1. ... of Supply-side policies: Usually very effective, increased competition, reduce prices, lower inflation and higher economic growth (9) 4. Increasing ... : Firms will either cut costs or become more innovative e.g. Deregulation and privatisation (11) 6. Improving ... : Giving higher rewards e.g. Cutting income or reducing corporation tax (10) 7. ... of Supply-side policies : They have a time lag, with demand deficient unemployment it doesn't work and can cause poverty and inequality (10) 9. Improving ... and ... : Can be expensive and have a time lag but will be good in the long term (9, 8) Down 2. ... policies include increasing flexibility and signalling, increasing competition and improving incentives (6, 5) 3. Increased price flexability and ... : Using prices to allocate resources (10) 5. ... policies include any action by the government that intends to increase the amount that firms are willing to supply at any given price (6, 4) 8. ... policies include: Improving training and education, Improving health and introducing performance related pay, Regulation and Improving infrastructure (15)
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