Question: There is no further information. The question is based on the effect of the aggregate supply and aggregate demand model in the to Economic growth,

There is no further information. The question is based on the effect of the aggregate supply and aggregate demand model in the to Economic growth, Inflationary pressures and Unemployment.

Given your knowledge of the AD/AS model, there is a trade-off between unemployment and inflation when expansionary AD measures are used to stimulate GDP growth. Using the AD/AS model, illustrate and discuss how complementary AS measures can be used to contain any inflationary pressures stemming from the use of expansionary AD measures during a recession. [Hint: Explain 5 (2 marks each) AD economic growth drivers and 5 (1 mark each) measures to contain inflation] Question 3 [20 Marks

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