Re: 2015 HSC Economics Marathon
Simply business investment will increase economic activity through increase aggregate demand (AD=c+i+g+(x-m)). Any increases in AD leads to an increase in economic growth and as a result increasing real GDP. With increased business investment, more businesses...
People say Eco has a lot of content I agree, but I actually find it a little easier to study since all the theory is integrated into every topic , i.e. Monetary policy is used everywhere... I guess just know the theory and how to apply it
'Explain the causes and effects of economic growth and its impact on ecological sustainability in the Australian economy. In your response you should refer to the economic information provided'
Stimulus 1) - 'asset bubbles in shares and property could burst in the next 6 to 18 months...
Re: 2015 Business Studies Marathon
Thanks for feedback ye I read that somewhere too that letter of credit isn't an actual payment but a mechanism whole bill of exchange is a payment
Re: 2015 Business Studies Marathon
Bill of Exchange is a written order that requires the importer to make a specified payment for the goods while..
Letter of Credit is a letter from one bank to another bank guaranteeing payments to be made to the exporter, all conditions are handled by the...
Re: 2015 HSC Economics Marathon
An expansionary monetary policy will reduce the official cash rate, (open market operations - buy commonwealth government securities, increasing exchange settlement accounts), as a result increasing liquidity in the market.
- by decreasing interest rates...
Re: 2015 HSC Economics Marathon
Productivity improvements in the economy through microeconomic reforms will shift the supply curve to the right as more output is produced per unit of input. With firms producing more efficiently, consumption will rise, fostering an increase in the overall market...
Re: 2015 HSC Economics Marathon
If production levels were reduced Australian firms would be encouraged to become more internationally competitive as there will be greater competition with new businesses entering Australia. (Under structural changes the firms who can maintain competitiveness...