how did people answer number 10 - the 25 marker on supply side reforms improving deficit?
i went ...
- supply side - in depth (2 sides) reduce export prices, reduce inflation more internationally competitive. however doesn't reduce imports so still deficit potentially
- expenditure switching - direct controls and devaluation (evaluate with j curve and marshall lerner, always inflation - cost push or demand pull). this was in lots of detail too
- expenditure reducing - small para on how / what happens. not useful
-conclusion- supply side good, also so are expenditure switching
anyone similar? this ok?