10.2 Links between macroeconomic problems and their interrelatednessSyllabus9708–2026–2027Topic10.2LevelA2
What you’ll learn5 learning objectivesChoose one objective for a focused lesson, or study the complete topic.10.2.1Internal and external money value• Relationship between the internal value of money and the external value of moneySyllabus objective10.2.2Balance of payments and inflation• Relationship between the balance of payments and inflationSyllabus objective10.2.3Growth and inflation• Relationship between growth and inflationSyllabus objective10.2.4Growth and balance of payments• Relationship between growth and the balance of paymentsSyllabus objective10.2.5Inflation and unemployment• Relationship between inflation and unemployment:- traditional Phillips curve- expectations-augmented Phillips curve (short- and long-run Phillips curve)Syllabus objective