DP Economics Questionbank

Define the term productivity indicated in bold in the text (paragraph [5]).

Using an AD/AS diagram, explain the impact on the potential output of the Philippines of the government increasing its “spending on new airports, roads and bridges” (paragraph [4]).

Explain how the use of supply-side policies might encourage greater domestic competition and improve the international competitiveness of a country.

State two market-based supply-side policies that are likely to increase the supply of labour in Fairland.

Using an AD/AS diagram, explain the impact on the potential output of the Philippines of the government increasing its “spending on new airports, roads and bridges” (paragraph [4]).

Define the term privatization indicated in bold in the text (paragraph [2]).

Explain how the use of supply-side policies might encourage greater domestic competition and improve the international competitiveness of a country.

Using an AD/AS diagram, explain the likely impact of North Macedonia’s supply-side policies on its full employment level of output (Text B, paragraph [2]).

Explain how increased investment by the government in education and training can affect both aggregate demand and aggregate supply.

State two interventionist supply-side policies that are likely to increase the demand for low-wage labour in Fairland.

Using an AD/AS diagram, explain the impact on the potential output of the Philippines of the government increasing its “spending on new airports, roads and bridges” (paragraph [4]).

Explain how the use of supply-side policies might encourage greater domestic competition and improve the international competitiveness of a country.

Using real-world examples, evaluate the view that the use of interventionist supply-side policies is the most effective way of reducing a country’s rate of unemployment.

Using an AD/AS diagram, explain the likely impact of North Macedonia’s supply-side policies on its full employment level of output (Text B, paragraph [2]).

Explain how increased investment by the government in education and training can affect both aggregate demand and aggregate supply.

Explain how increased investment by the government in education and training can affect both aggregate demand and aggregate supply.

Evaluate government policies to deal with the different types of unemployment.

Discuss the effectiveness of supply-side policies in reducing unemployment.

Evaluate the view that inflationary pressures in an economy are best reduced using supply-side policies.

Discuss the view that interventionist supply-side policies are the most effective way for a government to achieve economic growth.

Evaluate the effectiveness of interventionist supply-side policies in reducing demand-pull inflation.

Evaluate the effectiveness of interventionist supply-side policies in reducing the level of unemployment in an economy.

Using real-world examples, evaluate the effectiveness of monetary policy to achieve low unemployment.

Using real-world examples, evaluate the view that the use of interventionist supply-side policies is the most effective way of reducing a country’s rate of unemployment.