Interventionist policies

How many paragraphs should you write in the essay?

• 1 big

• at least 3

• 28

What does DEED mean in the context of 10-mark essay?

• Define

• Explain

• Example

• Diagram

• Describe

Draw your favourite economic diagram

Can you remember real-life examples of interventionist policies?

• Yes!

• No :(

Goals of supply-side policies

• Long-term economic growth

• Improving competition and efficiency

• Increase firms' incentives

• Reduce inflation

• Reduce labour costs

What is presented on the graph?

• implementation of a unsuccessful supply-side policy

• implementation of a successful supply-side policy

• implementation of a successful demand-side policy

• implementation of a unsuccessful demand-side policy

interventionist policy are based on the idea that the BLANK has a fundamental role to play in encouraging growth

What is meant by investement in human capital?

• support for small-to-medium enterprises

• patent granting

• building bridges

• education, training

What is meant by research and development?

• tax incentives

• electricity

• anti-monopoly laws

interventionist policies increase ... over the short term

• aggregate demand

• potential output