Spec 7136
Revise AQA A Level Economics 2.3.4 Possible conflicts between macroeconomic policy objectives with the question bank, lessons, revision guides, and flashcards.
How negative and positive output gaps relate to unemployment and inflationary pressures. • Both the short-run Phillips curve and the long-run, L-shaped Phillips curve. • The implications of the short-run Phillips curve and the long-run, L-shaped Phillips curve for economic policy. • How economic policies may be used to try to reconcile possible policy conflicts both in the short run and the long run.
