Economics (1 Viewer)

[powlmao]

Next week my class (Year 11) is having a in class exam on the RBA and monetary policy.

We have 1 hour to complete short answer questions and an extended response.

Can anyone suggest a sample extended response question for this??

It has to relate to the RBA and monetary policy.

 

[d3st1nyLiang]

Explain the role of monetary policy in achieving the economic goals of full employment, inflation and economic growth

Discuss the effectiveness of monetary policy and other economic policies in achieving price stability in Aust

etc etc

 

[powlmao]

Explain the role of monetary policy in achieving the economic goals of full employment, inflation and economic growth

Discuss the effectiveness of monetary policy and other economic policies in achieving price stability in Aust

etc etc

Cool.

The test I believe goes for 1 hour (It really only is a stimulus on)

But would 30 minutes be the likely set time for this?

 

[d3st1nyLiang]

40minutes for essay?

 

[x3Reii]

We got a monetary question in the economics trials -.-

For prelim, you'll probably get an explain or discuss question. So "Explain how the RBA uses the monetary policy to influence inflation in the Australian economy" or "Discuss the ways in which the monetary policy achieves economic stability"

OR, if you're teacher is mean, replace "discuss" with "evaluate" and replace "explain" with "analyse"