Evaluate the view that the main objectives of UK government macroeconomic policy can be achieved without conflicting with each other

AQA A-Level Economics Paper 2 June 2020

Evaluate the view that the main objectives of UK government macroeconomic policy can be achieved without conflicting with each other. (June 2020)

Plan

• Paragraph 1
  • Argument: on the one hand I would argue that the main objectives cannot be achieved without conflict, especially economic growth and low inflation
  • Diagram: right shift in AD
  • Evaluation: depends on the state of the economy
• Paragraph 2
  • Argument: on the other hand I would argue that the main objectives can be achieved without conflict, especially if supply-side policies are implemented allowing long-term growth to be achieved.
  • Diagram: right shift in LRAS
  • Evaluation: opportunity cost and time lag

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