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2.3 Economic performance

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Question 129

According to the concept of the long-run Phillips curve (LRPC), which of the following statements is correct?

A

Expansionary policies can permanently reduce unemployment below the natural rate.

B

There is a stable trade-off between inflation and unemployment in the long run.

C

Any reduction in unemployment below the natural rate is temporary and results in higher inflation.

D

At the natural rate of unemployment, the rate of inflation is zero.

Markscheme

2.3 Economic performance Questions

  1. A Level
  2. /Economics
  3. /2.3 Economic performance

327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.

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