Key to the Concept
Economic Review Mission
Conflicts Between Macroeconomic Objectives
A government is attempting to maintain low unemployment, low inflation and high economic growth. However, policymakers face growing tension between these objectives.
Your team will investigate how the goals interact—and often conflict—by analysing inflation, unemployment and changes in AD, SRAS, LRAS and the Phillips curve.
Complete each task on your whiteboard table. Your teacher will give you the key word when your answer is approved.
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