Describe and explain one supply-side policy aimed at shifting the long run aggregate supply curve.

One example of a supply-side policy is education and training. The government could increase spending on schools to improving teaching, increase and improve learning resources or create more internship programmes. All of this would help to increase the productive capacity of the economy which would then cause the long run aggregate supply curve to shift outwards.  

OS

Related Economics A Level answers

All answers ▸

What is fiscal policy?


In the early 2010s the mobile phone company Orange merged with another mobile Network firm, T Mobile, in order to a form a new company called EE. Explain what type of merger this is and discuss some of the possible costs and benefits of this merger.


Equilibrium of supply and demand


Please can you explain the labour market?