# The new economic paradigm

> This section explains the new economic paradigm: smoothing business cycles by using demand-side and supply-side policies together, so that output can grow for longer without inflation. In South…

- Page: https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting/the-new-economic-paradigm

Breadcrumbs: [Home](https://www.hlayiso.com/) › [Grade 12](https://www.hlayiso.com/grade-12) › [Economics](https://www.hlayiso.com/grade-12/economics) › [Notes](https://www.hlayiso.com/grade-12/economics/notes) › [Business cycles and forecasting](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting) › [The new economic paradigm](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting/the-new-economic-paradigm)

## Full notes

This is a preview of the The new economic paradigm notes for Grade 12 Economics. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in Business cycles and forecasting

- [Government policy](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting/government-policy) — Previous section
- [Features underpinning forecasting](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting/features-underpinning-forecasting) — Next section
- [All Business cycles and forecasting sections](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting)

## Frequently asked questions

### What will I learn in "The new economic paradigm"?

This section covers The new economic paradigm as part of Business cycles and forecasting in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "The new economic paradigm", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "The new economic paradigm"?

Continue with the next section in Business cycles and forecasting, or test your understanding with the interactive quiz linked to this section.

---

Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.