Economics A-Level
Policy Trade-offs and Conflicts
What Policy Trade-offs and Conflicts means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Policy Trade-offs and Conflicts
The inherent tension between competing macroeconomic goals, most notably the short-run Phillips Curve trade-off between inflation and unemployment, and the conflict between rapid economic growth and environmental sustainability or income equality.
Topics that use Policy Trade-offs and Conflicts
- Macroeconomic objectives and policies (Pearson Edexcel A-Level)
Related terms
Using Policy Trade-offs and Conflicts in the exam
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