2.1.2.c Supply-side policy

Supply-side policy:

• definition of supply-side policy
• supply-side policy and its impact on productivity and total output
• the impact of supply-side policies on macroeconomic objectives:
  • privatisation
  • deregulation
  • education and training
  • policies to boost regions with high unemployment
  • infrastructure spending
  • lower business taxes to stimulate investment
  • lower income tax rates to encourage working.