Define policies and explain its rationale. Define policies and explain its rationale Explain how can shift the LRAS? Explain how can shift the LRAS? Explain how can shift the LRAS? Explain how can shift the LRAS? Explain how can shift the LRAS? Explain how can shift the LRAS? Explain how can shift the LRAS? Discuss the view that interventionist supply-side policies are the most effective way for a government to achieve ______. [15] POLICIES LOWERS UNEMPLOYMENT LOWERS INFLATION IMPROVES EQUITY IMPROVES INT’L COMPETITIVENESS IMPROVES BUDGET INTERVENTIONIST IMPROVING HUMAN CAPITAL INVESTMENT IN NEW-TECH INVESTMENT IN INFRASTRUCTURE INDUSTRIAL POLICIES MARKET-BASED ENCOURAGING COMPETITION LABOUR MARKET REFORMS TAX INCENTIVE POLICIES