5.6.3 - Supply-Side Measures
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Practice Questions
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What are supply-side measures?
💡 Hint: Think about how increasing production affects supply.
Name one effect of hoarding.
💡 Hint: How does excess demand affect prices?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a supply-side measure?
💡 Hint: Remember the focus on production and availability.
True or False: Reducing hoarding helps lower price inflation.
💡 Hint: Think about the impact of scarcity.
2 more questions available
Challenge Problems
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Consider a country where inflation is primarily caused by supply chain disruptions. Outline a comprehensive plan using supply-side measures to mitigate this situation.
💡 Hint: Think of both immediate and long-term solutions.
Analyze how a government can balance between encouraging local production and relying on imports without causing inflation.
💡 Hint: Consider economic environments and the impact of trade relations.
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