A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Supply-side fiscal policies
Answer:
policies that involve changes in fiscal policy that are designed to
improve the LRAS of the economy
Q: Supply-side improvements
Answer:
these arise out of general increases in productive capacity
resulting from businesses acting out of their own interest in improving efficiency and
the
quantity of their output
Q: Supply-side policies
Answer:
deliberate actions taken by the government designed to increase the
LRAS of the economy (i.e shift the LRAS curve to the right)
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Supply-side shocks
Answer:
unexpected and significant changes in the price of factors of production
or the availability of factors of production
Q: Supply
Answer:
The quantity of a good or service that firms plan to sell at given prices in a particular
time period
Q: Sustainable growth
Answer:
economic growth that does not compromise the economy's ability to
grow in the future
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Systematic risks
Answer:
risks that could lead to a collapse in the whole or a significant part of the
financial system
Q: Systemic risk
Answer:
a risk that applies to the whole sector (the banking sector is the most common
usage of the term)
Q: Tacit collusion
Answer:
a collusive relationship between firms without any formal agreement having
been made
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Takeover
Answer:
when two or more firms unwillingly join together
Q: Tariff
Answer:
a tax on imported goods and services
Q: Taxation
Answer:
a charge placed by the government on various forms of economic activity Most
taxes are on forms of income and types of spending
Q: The law of diminishing returns
Answer:
when additional units of variable factors of production are
added to a fixed factor, marginal output or product will eventually decrease
Solutions | Latest 2026 Update
Q: Supply-side fiscal policies
Answer:
policies that involve changes in fiscal policy that are designed to
improve the LRAS of the economy
Q: Supply-side improvements
Answer:
these arise out of general increases in productive capacity
resulting from businesses acting out of their own interest in improving efficiency and
the
quantity of their output
Q: Supply-side policies
Answer:
deliberate actions taken by the government designed to increase the
LRAS of the economy (i.e shift the LRAS curve to the right)
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Supply-side shocks
Answer:
unexpected and significant changes in the price of factors of production
or the availability of factors of production
Q: Supply
Answer:
The quantity of a good or service that firms plan to sell at given prices in a particular
time period
Q: Sustainable growth
Answer:
economic growth that does not compromise the economy's ability to
grow in the future
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Systematic risks
Answer:
risks that could lead to a collapse in the whole or a significant part of the
financial system
Q: Systemic risk
Answer:
a risk that applies to the whole sector (the banking sector is the most common
usage of the term)
Q: Tacit collusion
Answer:
a collusive relationship between firms without any formal agreement having
been made
, A Level Economics (AQA) Questions and Answers with Verified
Solutions | Latest 2026 Update
Q: Takeover
Answer:
when two or more firms unwillingly join together
Q: Tariff
Answer:
a tax on imported goods and services
Q: Taxation
Answer:
a charge placed by the government on various forms of economic activity Most
taxes are on forms of income and types of spending
Q: The law of diminishing returns
Answer:
when additional units of variable factors of production are
added to a fixed factor, marginal output or product will eventually decrease
