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Define supply-side policies and inflation
Adv of question - Advantages of supply-side policies in controlling inflation. Use diagrams.
LRAS shifting to right
Lower inflation (assuming economy is to some extent overheating, or at the very least, not on the excess capacity stage)
Achieve all four macro-economic indicators
Disadvantages of question - Disadvantages of supply-side policies in controlling inflation.
Time lag - takes years
External events may affect success of policy e.g. current Eurozone crisis / previous recessions
Perhaps not as effective as other economic policies to control inflation - leads to next paragraph
Alternatives to question - Alternative economic policy that controls inflation
Expansionary fiscal
Contractionary fiscal
Expansionary monetary
Contractionary monetary
Include a diagram if you have time
Conclusion - Always start conclusion with question to keep on track, so:
"The extent to which supply-side policies control inflation..."
Summarise adv, disadv and alternative
Get a lot of eval marks in conclusion, make sure it isn't weak
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