Goal Conflicts, Relationships & Living Standards

What this note covers

1. One destination, three goals: how the framework fits together
2. When the goals pull in the same direction
3. Conflict in focus: strong growth versus low inflation
4. Full employment versus low inflation: the tight labour market problem
5. Growth versus the environment: the material/non-material trade-off
6. Worked application: reading the data and writing the conflict

6 sections · 14 key terms & formulas · 6 common mistakes