Topic 3 - Objectve Conflicts Flashcards
1
Q
What are objective conflicts
A
Where to objectives cannot be accomplished together
2
Q
What are some key conflicts(5)
A
Eco Growth and full employment with Balance of payments
Low unemployment and low inflation
Eco growth and low inflation
Ecio growth and equal distribution of income
Eco growth and the budget deficit
Eco growth and sustainability
3
Q
What garph can be used for these key conflicts
A
A short run eco growth one
4
Q
What is one of the main conflicts
A
Unemployment/Eco growth vs Inflation
5
Q
What graph can show the clash/trade off with enemployment and inflation
A
A phillips curve
