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q3 is a trick qusetnio lol. Remember lorenz curve is a graphical distribution of income inequality. high gdp ofcourse means inequality. However, the best answer is, should be, welfare payments. cos due to welfare payments, curve shifts towards 0.

seasonal will affect it- manufacturing= jumpers Frictional unemployment is CAUSED when one person moves from a job to another thus becoming unemployment in the process. This has nothing to do with minning boom lol. it was a trick qusetion at the beginning but im smarter than the qusetion lol

i drew a business cycle graph to show GFC- and unemployment and phillips

haha same lol. unemployment was full of bs

wtf. u choose either 'macro' or 'exchage rate in section iii and in iv u choose trade barriers or une,ployment

for q 20, a reduction in tariff= less revenue for government lol

trick question lol cost= cost push. remember? Due to increases in costs of production, these are passed onto consumers demand pull inflation.. increase in aggreate demand = higher prices.. na. cant be this so cost push increase or something :)

Re: General Thoughts: Economics mc was kinda easy lol hope i got 16.20

People who get band 6 usually write everything plus an awesome conclusion. U probab lose marks for content. Maybe 2-3 marks gone? Plus with no conclusion its a bad impression. DW about it lmao. its too latee

wtf u dont minus?? 1/mps ? cos its k= 1/mps with k being 2.5. fk ..

lol substanibility is easy..? common sense lol. pollution,climate change, renewable resources etc lol. failed that so much in trials hope i got 80% for entire exam

is this right: Progressive taxation: The more high income earners earn, the more they are taxed in contrast to low-income earners. This taxation is transferred to disadvantaged people, in the form of welfare payments, financial assistance etc?

no in school lol. u were supposed to mention both fiscal and monetary cos they were both used during gfc

so can i just stay with one? cbf changing my notes

no time to practice lmao. memorise first. no time to write more essays..

Can i say. Causes of high CAD A depreciation of the Australian dollar can contribute to high CAD. If the AUD depreciates, it would mean lower Terms of Trade = lower export prices = lower export earnings = worsening CAD.. This is right, right??? As long as u say why?

so complicated. That, what you have just said, can be written in 4 lines.... cant i mention other stuff? eco growth, inflation, and monetary policy? Question is too specific

Oh, Charles Perkins was a freedom rider. (year 10 history) still remember. jk Free riders are people who benefit goods and services without contributing to the cost of production. lol check ur text book??

Nooo.. An appreciation of the AUD will mmeans higher TOT = higher export prices = reduces CAD?? Cant u say that as well?

They cant do that. They have to specify case studies...