Choosing between reducing inflation and maintaining low unemployment best illustrates
a choice between different macroeconomic policy instruments.
that the short-run Phillips curve is vertical.
a possible conflict between competing macroeconomic policy objectives.
a government prioritizing structural supply-side policies over demand management.
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.