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Supply-side policies (Land (LRAS+SRAS (Create Buy Invade …
Supply-side policies
Land
SRAS
No tax on raw materials
No import taxes on raw materials
LRAS+SRAS
Create
Buy
Invade
Discover Resources
Drain and irrigate to improve land
Fertilize
Build
Enterprise
LRAS+SRAS
tax on profits
Tax break/subsidise R+D
SRAS
Privatise
Support new business
Support training
Capital
LRAS+SRAS
build trust in banks
lower interest rates
increase Financial system
investment tax breaks
tax on profits
Labour
Decreasing costs ---> increasing SRAS
Decrease/abolish min Wage
Decrease Tax
Subsidise Labour heavy industries
cut unions
Increasing Q+Q ---> SRAS+LRAS increases
Better Education
Training Schemes
free provision of Information
A policy to increase AS by altering an aspect of the FoPs