With short answers, they usually choose three topics (Exchange rates almost certain), so they can target anywhere at any topic. Last year they did environment and global economy so I doubt those topics will be short answers this year
Sorry for double post ... but monetary policy would be expansionary. When they expand, interest rates go down and they increase money supply in the STMM
You need to keep in mind a few things:
1) We are dealing with a dual-economy which sucks
2) The policy is contractionary no matter what the circumstances/implications are (tax revenue is higher than expenditure)
3) Fiscal policy only affects economic growth (thus consumption and investment)...
Depends on the context of the question? Generally, I would probably cover:
1) Product and Factor Markets
2) Public and Private Goods - Private and Social costs/benefits
3) Environmental sustainability
4) Issues concerning the environment (resource depletion, climate change, pollution, natural...
I wouldn't worry about it ... small chances of the exact question coming into this years HSC. Just know some statistics about Brazil, how globalisation affected them and what measures they took to fix any issues caused by globalisation
Coming from a school of discretion ... just do it LOOL!! Like seriously, a teacher will devote 3 minutes of their lives to read it. As if they will claim something is copied :L
It's a good argument to use, but unless you have a specific economist that would make such claims I probably wouldn't. I would argue that neoliberal economists believe in no government intervention in a free market economy (and that microeconomic reforms are generally for the purpose of having...
You have logic in what you say ... but you need to READ THE GRAPH!!
Remember: Finance in general mainly refers to the exchange rate (even in external stability), so when looking at a graph, the terms usually used would be 'exchange rate in $US' and 'quantity'
HOWEVER: On this graph there is...