Interventionist supply-side policies
Syllabus: Investment in human capitalSyllabus: Explain how investment in education and training will raise the levels of human capital and have a short-term impact on aggregate demand, but more importantly will increase LRAS.
Syllabus: Explain how policies that encourage research and development will have a short-term impact on aggregate demand, but more importantly will result in new technologies and will increase LRAS.
Syllabus: Explain how increased and improved infrastructure will have a short-term impact on aggregate demand, but more importantly will increase LRAS.
Syllabus: Explain that targeting specific industries through policies including tax cuts, tax allowances and subsidized lending promotes growth in key areas of the economy and will have a short-term impact on aggregate demand but, more importantly, will increase LRAS.
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