What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.5.4.1Supply-side policy• Meaning of supply-side policy, in terms of its effect on LRAS curvesSyllabus objective5.4.2Supply-side objectives• Objectives of supply-side policy: increasing productivity and productive capacitySyllabus objective5.4.3Supply-side policy tools• Tools of supply-side policy, for example training, infrastructure development, support for technological improvementSyllabus objective5.4.4Supply-side policy in AD/AS• AD/AS analysis of the impact of supply-side policy on the equilibrium national income and the level of real output, the price level and employmentSyllabus objective