AQA A Level · 7136 · Paper 2: The national and international economy
4.2.3.4 Conflicts Between Policy Objectives
Also AQA AS 7135: 3.2.3.5
Everything you need for questions on conflicts between macroeconomic objectives and policies, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Conflicts between objectives
- The short-run Phillips curve
- Conflicts between policies
- A classic chain
- Classic question: can a government achieve all its objectives at once?
- The long-run Phillips curve and the natural rate of unemployment (A-level)
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Unemployment or inflation?
- Conflict or complement?
- Choose, and live with the trade-off
- Putting numbers on trade-offs
- Can the trade-offs be escaped?
- Build the chain
- Exam practice
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