Economics A-Level
Economic harmony
What Economic harmony means in Economics A-Level, as defined for AQA.
Definition of Economic harmony
Check what you remember
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Reference: AQA
Long-run compatibility between growth, employment and price stability ensured by supply-side improvements, while demand management creates short-run trade-offs.
Topics that use Economic harmony
Related terms
- Cyclical unemployment
- Demand-side policies
- Economic growth
- Inflation expectations
- Inflationary pressures
- Labour market dynamics
- Long-run aggregate supply
- Long-run Phillips curve
Using Economic harmony in the exam
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