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I am so nervous. I don't feel like I know the whole content well enough.

Thanks :)

Explain the concept of NAIRU?

Ah yes thanks

What are some international agreements relating to environment?

I thought gonski was just a report?

Would you just talk about food can't it be anything?

Anyone have gini for Australia?

In the short run strengthening might increase equality. Developing economies lack the comparative advantage in many areas of production compared to advanced economies due to low levels of technology, investment etc. Thus strengthening protectionist policies will protect the industries in these...

If we get a question on trade agreements how many do we talk about?

What are the chances of unemployment/inflation/income equality coming in the paper since they were in last years exam.

People can be born in to wealth, they can inherit wealth whereas income has to be earned. An individual can work hard to increase their income level, government can give transfer payments to make it more equitable but same can't be said about wealth.

Also why is the $AUD so volatile?

Why did the Rudd government abolish workplace relations act?

Thanks. I had a really crappy teacher

Can someone answer if prices and incomes policy was a labor market policy cause the notes given by my teacher says it wasn't.

They can have regulations or market based policies Regulations regulate economic behavior e.g. complete bans on use of certain substances, Market based policies try to influence economic behavior like taxes, quota subsidies. You could talk about carbon tax, emission trading scheme, subsidies...

Is the prices and income policy considered a labor market policy?

Well your top question said fiscal policy specifically and its different to monetary policy.

Short answer. It was in the essay last time