Edexcel A Level · 9EC0 · Theme 2: The UK economy: performance and policies
2.6.4 Conflicts and Trade-offs
Also Edexcel AS 8EC0
Everything you need for questions on conflicts and trade-offs, 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?
- 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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