DP Economics Questionbank
3.3.6 Potential conflict between macroeconomic objectives
| Path: |
Description
[N/A]Directly related questions
-
18M.3.HL.TZ0.2b.i:
Using the graph, determine short-run values for the unemployment rate in 2016 and the inflation rate in 2018. Enter your answers in Table 2 below.
Table 2
-
18M.3.HL.TZ0.2c:
The natural rate of unemployment in Country Alpha is 5 %.
On the diagram draw and label the long-run Phillips curve (LRPC).
-
18M.3.HL.TZ0.2d.i:
The price of oil is expected to rise significantly, causing a sustained increase in energy costs.
Describe the likely effect of this sustained cost increase on the short-run Phillips curve (SRPC).
-
19M.1.SL.TZ1.4b:
Discuss the view that economic growth can only be achieved at the expense of other macroeconomic objectives such as a low and stable rate of inflation and equity in the distribution of income.
-
19M.1.HL.TZ2.3b:
Discuss the view that there will always be a trade-off between the unemployment rate and the inflation rate.
- 19N.3.HL.TZ0.2g: Outline the meaning of the natural rate of unemployment, with reference to the long-run Phillips...
-
20N.1.HL.TZ0.3a:
Explain why there is a possible trade-off between the unemployment rate and the inflation rate in the short run.
- 21M.3.HL.TZ0.2f.i: With reference to the short-run Phillips curve, describe the relationship between inflation and...
- 21M.3.HL.TZ0.2f.ii: Outline how the data for the period 2016 to 2018 may reflect a change in the short-run Phillips...
