Quizzes & Activities
Supply-side policies (Quizlet Activity)
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 22 Dec 2018
Here is a quizlet revision activity covering supply-side policies
Key terms to revise:
- Aggregate supply: Total planned output of goods and services at a given time and price level.
- Deregulation: Reducing barriers to entry to make the supply-side of an industry more competitive
- Free-market policies: Policies to increase competitiveness and competition such as deregulation
- Hysteresis: When a sustained period of low aggregate demand can cause permanent damage to the supply side
- Income tax cuts: Lowering direct taxes to improve work incentives and productivity
- Infrastructure: Capital investment in telecoms, rail, ports, roads, energy and other utilities
- Interventionist policies: Involve interventions to overcome market failure(s) that might limit a country's supply-side potential
- Labour market flexibility: Market for human resources characterised by short term employment contracts and unpredictable earnings
- Labour productivity: A measure of efficiency e.g. output per hour worked
- Long run aggregate supply (LRAS): Productive potential determined by state of technology, productivity, factor mobility and incentives
- Privatisation: Involves selling state-owned assets to the private sector e.g. the Royal Mail in 2013
- Shocks: Unexpected events that can affect both aggregate demand and supply
- Trade liberalisation: Lowering import tariffs and eliminating quotas to increase competition in markets
- Zero hours contracts: Workers employed without any guarantee about the amount of work they will have
You might also like
Aggregate Demand and Aggregate Supply
Topic Videos
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Hysteresis Effects from the Global Financial Crisis
28th August 2015
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
New evidence on labour market hysteresis
25th August 2016
10 question multi-choice quiz on Demand and Supply-Side Policies
Quizzes & Activities
Update on the Gender Pay Gap
30th March 2018
Economic Growth (Revision Quizlet Activity)
Quizzes & Activities
Long Run Aggregate Supply - Key Factors
Topic Videos
What is Economic Scarring?
Topic Videos