0455.4.5.3 — effects of supply-side policy measures on How supply-side policy measures may enable the government macroeconomic aims government to achieve: past paper questions
Real questions on 0455.4.5.3 — effects of supply-side policy measures on how supply-side policy measures may enable the government macroeconomic aims government to achieve
The newest 6 of 6 written questions. Open one to see it on the real paper.
- 0455/11 · October/November 2024 · Q20[1]
What is most likely to result from a successful supply-side policy?
See it on the paper → - 0455/21 · May/June 2022 · Q4d[8]
whether or not the use of supply-side policy measures will reduce unemployment.
See it on the paper → - 0455/23 · May/June 2022 · Q5d[8]
Discuss whether or not supply-side policy measures always promote economic growth.
See it on the paper → - 0455/11 · October/November 2021 · Q20[1]
Which statement about supply-side policy is correct?
See it on the paper → - 0455/22 · October/November 2021 · Q5d[8]
Discuss whether or not supply-side policy measures can reduce inflation.
See it on the paper → - 0455/21 · October/November 2020 · Q5d[8]
whether or not supply-side policy measures can reduce unemployment.
See it on the paper →
What examiners said
Supply-side policies were not understood by many candidates. Instead, weak answers often referred to other policy measures such as fiscal and monetary policies which affected the level of unemployment. Answers often concentrated on how government could reduce unemployment, and, in some cases, no supply side measures were mentioned. Strong answers were well balanced with a discussion on how actions...
— Examiner report, May/June 2022, 0455/21 Q4(d) (Cambridge)
The following answer is a good Level 3 response to this question: Supply side policies promote economic growth. For instance, greater education and training (L1) will increase the productivity of workers, so they can produce more and produce higher quality output (L2). This will decrease unit costs of production for firms, who can export a part of the output at low prices and increase export earn...
— Examiner report, May/June 2022, 0455/23 Q5(d) (Cambridge)
A number of candidates who answered this question wrote about monetary policy measures rather than supply-side policy measures. Others wrote about the effects of increasing total supply without examining how the government could achieve this. There were, however, some excellent answers. Many of these were particularly good on examining whether or not increases in government spending on education a...
— Examiner report, October/November 2021, 0455/22 Q5(d) (Cambridge)
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