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2.3.5.4c - Characteristics of positive and negative output gaps

Syllabus
2018
Objective
2.3.5.4
Level
AS

c - Characteristics of positive and negative output gaps

Characteristics of positive and negative output gaps.

Use c - characteristics of positive and negative output gaps to connect the rule to the data and decision in the question.

This matters because c - characteristics of positive and negative output gaps determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - characteristics of positive and negative output gaps to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Characteristics of positive and negative output gaps is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics AS