Economics B A-Level
Policy trade-offs
What Policy trade-offs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Policy trade-offs
Check what you remember
Read the wording for your board, then hide it and explain Policy trade-offs in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Direct conflicts between macroeconomic objectives, such as pushing unemployment too low leading to labour shortages and wage-push inflation, conflicting with price stability.
Topics that use Policy trade-offs
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
Related terms
- Current account
- Current account surplus
- Economic growth
- Equilibrium
- International competitiveness
- Living standards
- Low unemployment
- Macroeconomic objectives
Using Policy trade-offs in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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