Macroeconomics

Table of Contents

1. Topic pack - Macroeconomics - introduction
2. 2.1 The level of overall economic activity (notes)
3. 2.1 The level of overall economic activity (questions)
4. Section 2.2 Aggregate demand and supply (notes)
5. Section 2.2 Aggregate demand and supply (simulations and activities)
6. 2.2 Aggregate Demand and Aggregate Supply (questions)
7. 2.3 Macroeconomic objectives (notes)
8. Low Unemployment
9. 2.3 Macroeconomic objectives (questions)
10. 2.4 Fiscal policy (notes)
11. 2.4 Fiscal policy (questions)
12. 2.5 Monetary policy (notes)
13. 2.5 Monetary Policy (questions)
14. Section 2.6 Supply-side policies (notes)
15. 2.6 Supply-side policies (questions)
    1. Self-test questions
    2. Short questions
    3. Data response (1)
    4. Data response (2)
    5. Long questions
16. Print View

Data response (2)

Read the article Protecting the silent majority - and the Royal Wedding and then answer the questions below. (You can read the article in the web window below, or follow the previous link to read the article in a new web window)

Question 1

Explain what are meant by supply-side policies.

Question 2

Using appropriate diagrams to support your analysis, explain how supply-side policies can increase output, employment and income.

Question 3

Explain how supply-side policies that reform labour markets can increase output, employment and income.

Question 4

Discuss the potential hazards of introducing labour market supply-side policies, such as those described in the article.