Evaluate the view that reducing unemployment inevitably has trade-offs with other macroeconomic objectives.

This is a typical essay question, so start off by defining key terms for later use in the answer, such as what a trade-off is, and what the other macroeconomic objectives are. Then, go on the apply and analyse knowledge about how to primarily reduce unemployment (supply and demand side measures).

Then, analysis of what conflicts might arise is appropriate, such as the well known conflict with inflation. Evaluate using issues such as LR vs SR and what policies what would bring about what conflicts.

RB

Related Economics A Level answers

All answers ▸

Evaluate whether higher government spending will always increase inflation.


Discuss how a business may practice 3rd degree price discrimination


Explain the possible causes of deflation in an economy. (15)


Record numbers of visitors to the Olympic Games want accomodation in the host city. Explain the effects that this will have on the market for rental properties.