Economics GCSE
Economic growth vs inflation
What Economic growth vs inflation means in Economics GCSE, as defined for AQA.
Definition of Economic growth vs inflation
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Reference: AQA
A primary conflict in which stimulating the economy to boost growth and reduce unemployment increases aggregate demand and, near full capacity, causes demand-pull inflation, while policies to control inflation can slow growth and increase unemployment.
Topics that use Economic growth vs inflation
- Economic objectives of the government (AQA GCSE)
Related terms
- Balance of payments
- Economic growth
- Environmental externalities
- Environmental protection
- Income distribution
- Macroeconomic objectives
- Policy trade-offs
- Sustainable development
Using Economic growth vs inflation in the exam
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