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Economics A Level

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Question:

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

Author: go kys



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


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go kys
go kys