I am doing a year 12 Economics essay (Australia) and am finding it real hard to get info on my topic

Question

My set question is:

‘Supply management policies can help a government to achieve macroeconomic objectives. However, these policies do not solve all problems of economic management.’Discuss this statement

so

- what is supply management?

- Why does this help GDP, Inflation, Unemployment.

- How is it done – Micro reform types and how to do it.

any help is awesome. i cant go to the library and its due in a week so i got time for a draft.

Answer 1

hey, i got the exact same question for my new essay... and mine is due in a couple days too... i know the SSABSA website has it as a past exam paper so if you go to their website 'www.ssabsa.sa.edu.au' and go to the past exams section it will have a thing telling you about what they want students to include and what students didn't do too well on... anyway, hope this has helped and just remember the old economic quote...

a million dollars here, a million dollars there... pretty soon we'll be talking about real money!

good luck anyways, hope i've helped as this is my first ever response to a question! :)

EDIT: by the way, here is the exact quote that ssabsa have said-

'This was not a popular question. Better students usually discussed three aspects: firstly, the possible effects of a range of supply side responses with the use of appropriate theory and recent examples; secondly, a consideration of some of the direct problems that may be associated with supply side policies, such as structural unemployment and effects on the distribution of income; and thirdly, a discussion of some of the broader problems of economic management that also exist. Students who discussed both short term and long term effects tended to have the best responses.'