Policy conflicts

Q7 Evaluate how far macroeconomic objectives clash when inflation is being tackled, given the 2023 UK halving pledge and a 2% target at the Bank of England.

Q6(f) Evaluate the case that boosting demand through policy creates trade-offs among macroeconomic objectives.

Q13 Evaluate the claim that macroeconomic goals must always clash, prompted by India's 2022 anti-pollution law.

Q2 Identify which model best shows the trade-off between inflation and joblessness, given Spanish data for 2022.

Q1 Identify which curve captures the trade-off between low unemployment and low inflation from these choices (long-run classical AS curve / AD curve / short-run Phillips curve / SRAS curve).

Q14 For a country you choose, evaluate where pursuing economic growth may clash with two further macroeconomic objectives (context: the Maldives grew 18.87% and India 12.55% in 2021).

Q13 Assess how pursuing economic growth may clash with two further macroeconomic aims, given China's pollution dropped 10.8% during slower growth in early 2020.

Q8 Evaluate the conflicts that environmental protection can create with other macroeconomic objectives, given forecasts that 2.5°C of warming trims global GDP per capita by 15% before 2100.

Q13 Evaluate the claim that fiscal policy inevitably sets macroeconomic objectives against one another (context: 2018 US spending rises and tax cuts for high earners lifting both growth and inequality).

Q1 Choose which two variables the short-run Phillips curve sets against each other (growth and inequality; inflation and unemployment; growth and the environment; inflation and inequality).

Q6(d) Using Extract C, discuss which macroeconomic objectives may clash while a central bank works to hold inflation down.

Q6(g) Evaluate where pursuing growth might clash with two further UK macroeconomic objectives.

Q13 Are clashes among macroeconomic objectives unavoidable? Evaluate, with China's anti-pollution laws forecast to drag on real GDP growth.