SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level (DONEEEEEEE)

» Start this Course
(Practice similar questions for free)
Question:

What is a Trade off? Why can it link to the 4 Macroeconomic Performance Indicators

Author: eric_galvao



Answer:

-This is when doing 1 Thing means you sacrificed doing the Alternative [Opportunity Cost] -This links with the 4 Macroeconomic Performance Indicators as Fixing one can lead to the others getting Worse -How they do this is based on Value Judgements and which one is most Relevant - Major Unemployment Crisis will be Dealt with First, Accepting the Fact that Inflation will follow Through


0 / 5  (0 ratings)

1 answer(s) in total