Economics class: Jeremy Hunt predicted to win multibillion-pound boost for tax cuts
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Specification:
Fiscal policy, monetary policy, supply-side policy, AD & AS analysis
Click to read the article and then answer the questions:
Jeremy Hunt predicted to win multibillion-pound boost for tax cuts
Distinguish between monetary policy and fiscal policy
State how much extra headroom the chancellor may have against his fiscal targets
Explain the supply-side effects of some fiscal policies such as tax cuts
Using an AD/AS diagram, analyse the effects of a 1p cut in the 20p basic rate of income tax
Gavin Clarke, Emmanuel College
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