Associated with policies to improve the UK's potential output, best illustrated by showing the LRAS or PPF shifting out creating a win-win scenario of sustained growth and lower cost push inflationary pressures.
Phil Holden's video on Supply side economics covers the mainstream free market view and the government interventionist approach, with evaluation click here.
Homework - complete the worksheet this Friday 16th March
Main critique of supply side economics is that if actual growth is not lifted you may see demand deficient negative output gap with rising unemployment. In addition the policies may not work. In either case you need to fully explain why.
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