Economics Department
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Economics Department |
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Back to essaysThis week's essay
1) “In the 00s, Fiscal policy is primarily directed at Aggregate Supply rather than Aggregate Demand”
a) Explain how Fiscal policy can be used to affect Aggregate Supply 10 marks b) How effective do you feel these policies have been? Justify your answer with reference to recent UK economic performance. 10 marks
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2) "The UK government is committed to raising employment and economic growth through supply side policies, whilst at the same time keeping inflation low."
a) Explain with the aid of diagrams how a cut in tax rates might affect: (i) Aggregate Demand (ii) Aggregate Supply (iii) The rate of inflation 10 marks b) Examine the case for and against using supply side policies to influence the economy. 10 marks
3) “Slower than expected growth forces up the Public Sector net cash requirement” (a) What is the public sector net cash requirement? 3 marks (b) Explain why the public sector net cash requirement is likely to fluctuate with the level of economic activity 7 marks (c) Critically assess the view that the governement can influence economic activity by deliberately varying the size of the public sector borrowing requirement 10 marks
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