2.6.3 Supply-side policies 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 18-04-19 11:08 457238169 Across 1. Increased price flexability and ... : Using prices to allocate resources (10) 6. ... of Supply-side policies: Usually very effective, increased competition, reduce prices, lower inflation and higher economic growth (9) 7. Increasing ... : Firms will either cut costs or become more innovative e.g. Deregulation and privatisation (11) 9. Improving ... and ... : Can be expensive and have a time lag but will be good in the long term (9, 8) Down 2. ... of Supply-side policies : They have a time lag, with demand deficient unemployment it doesn't work and can cause poverty and inequality (10) 3. ... 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) 4. Improving ... : Giving higher rewards e.g. Cutting income or reducing corporation tax (10) 5. ... policies include: Improving training and education, Improving health and introducing performance related pay, Regulation and Improving infrastructure (15) 8. ... policies include increasing flexibility and signalling, increasing competition and improving incentives (6, 5)
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