CIE AS Topical Past Paper 2
5.4 Supply-side policy
9708/22/M/J/24
b) Assess whether supply-side policy is the most effective way to achieve long-run economic growth. [12]
9708/21/M/J/24
b) Assess which expansionary macroeconomic policy would be most likely to enable a government to meet its economic objective of a low rate of unemployment. [12] [Sample answer]
9708/23/O/N/23
b) Assess whether supply-side policy is the only way of reducing long-term unemployment in an economy. [12]
9708/22/F/M/23
b) Assess whether supply-side policies are the most effective way to correct a deficit on the current account of the balance of payments of an economy. [12]
9708/22/O/N/22
b) Discuss the difficulties that might be encountered when adopting supply side policies to expand the productive capacity of an economy and consider whether these difficulties can be overcome. [12]
9708/21/O/N/22
b) Discuss whether supply side policies will be successful in increasing the quantity and quality of the factor enterprise in a modern economy. [12]
9708/23/O/N/20
A government embarks on a supply-side policy involving substantial additional funding for new road schemes and for new training schemes designed to raise labour productivity.
a) Use an AD/AS diagram to explain the effects of this funding on the level of output in the economy. [8]
b) Discuss the extent to which a supply-side policy involving new road schemes and new training schemes will increase the rate of inflation in the economy. [12]
9708/22/M/J/20
In summer 2018, many countries suffered a water shortage because of a long spell of very dry weather.
b) Consider the short-term and long-term policies that could be adopted to deal with a water shortage in an economy and discuss whether these are likely to be successful. [12]