ConceptConceptDocsDocuments

Pearson Edexcel IAL Economics 2.3.6.2a Inflation & unemployment, includi

Practise analysing the inflation-unemployment trade-off, using short-run Phillips curve logic, data and country examples to evaluate policy conflict.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • interpret a short-run Phillips curve as a conflict between inflation and unemployment
  • evaluate whether low unemployment and low inflation can both be achieved in context
  • predict changes in unemployment or inflation from shifts in demand or exports

2.3.6.2a - Inflation and unemployment, including the short-run Phillips between curve. question 1

[Maximum number: 1]

Which one of the following illustrates the conflict between the macroeconomic objectives of a low rate of inflation and a low rate of unemployment?

A

A long-run classical AS curve

B

An AD curve

C

A short-run Phillips curve

D

A SRAS curve

All question bank results loaded