Macroeconomic Objectives (DP IB Economics: HL)

Text B, paragraph 2:
Turkey has been experiencing high inflation due to a combination of factors in the oil and housing markets. Economists are urging for immediate policy responses to control the escalating prices.

Text E, Paragraph 2
With the recent economic downturn, many countries, including Italy, have faced rising cyclical unemployment, particularly in sectors such as manufacturing and retail, which have seen more problems.

Text D, Paragraph 3
According to the Short Run Phillips Curve, there is often a trade-off between inflation and unemployment. As the economy of India grows, policymakers are monitoring how rising inflation may affect job creation.