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IB Economics SL 3.7 Supply Side Policies Questions

Explain how supply-side policies affect productive capacity, productivity, employment, growth, inflation and equity.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Explain the goals of supply-side policies, including higher productive capacity, lower unemployment and improved efficiency.
  • Distinguish market-based and interventionist supply-side policies and explain their effects on incentives, costs, productivity and long-run aggregate supply.
  • Evaluate the effectiveness of supply-side policies and their interaction with demand-side policy in different economic contexts.

Covered syllabus points

3.7.1—Goals of supply-side policies3.7.2—Market-based supply-side policies3.7.3—Interventionist supply-side policies3.7.4—Demand-side and supply-side interactions3.7.5—Effectiveness of supply-side policies

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