Section I: Multiple Choice (2 Viewers)

[runnable]

runnable why u so belligerent?

where did u get that definition from?

I replied earlier.

Yep. Tim Dixon's book (i just realised its him)

Pg 174 middle of page, Read up on rising participation rates

then

pg 171, on NAIRU.

 

[cortese14]

what was answer d again?

 

[Q2C-ME]

idiots...

somebody justify D then...justify agricultural production
middle east e.t.c,

 

[lolcal]

Developing Economy: Country with low economic development with relatively low standard of living. Has undeveloped industrial base and low GDP per capita.

 

[Q2C-ME]

i hate mutliple choice...

i hope the three booklets per essay pay off

 

[seano77]

idiots...

somebody justify D then...justify agricultural production
middle east e.t.c,

A is wrong.. you can hardly say a characteristic of developing countries is low income inequality. High more like it. B is wrong for obvious reasons. C is wrong for also obvious reasons. Therefore 1 is D.

 

[Zouzor]

You say that the nairu cannot be decreased, and any stimulas to AD will just cause inflation. well.....this is why it causes in flation;

Because people are demanding more business need to employ more individuals to cope with this increase in demand. however the only people left to employ are the least productive. they dont add to supply but they recive wages. unemployment decreases but it will trend back upwards to the nairu as these people are layed off because people demand more wages because of high inflation. this is why you have the zig-zag pattern in the long run phillips curve.

 

[Q2C-ME]

Developing Economy: Country with low economic development with relatively low standard of living. Has undeveloped industrial base and low GDP per capita.

that doesnt defeat inequaility...nor does it raise agricultural :S
okaii...this is what my texts says


okaii...im probally wrong but what it says is that
middle east and nations such as nigeria...not nigeria is veryy veryy poor HDI biggest export is oil

 

[Davadale]

Sry I think you didnt get all right. Cuz 7=A. No mention of inflation whatsoever in the question, so not sure why you brought in the philips curve.

You can keep convincing yaself it's A ya ongkgrah but 7 was C!

 

[AWrules]

have u got a macquarie guide,

i can see your point now,

i guess we will have to agree to disagree,

with my quote though, loose monetary policy increased ag demand..

 

[whoisurdaddy]

fuck 19/20 aimed for 20. Got 14 wrong -.-

 

[jono1887]

You can keep convincing yaself it's A ya ongkgrah but 7 was C!

it doesnt mention inflation but the answers state increase in prices which = inflation...

 

[Q2C-ME]

okay...guys ill admit im wrong...ill get 18/20 probally 19...

but honestly didnt any1 think its so generic...likee so much discreprentiyyy

fuckk...all thoose oil selling developing countries...and like latin america has no agricultural e.t.c

i hate how the fuckin stuipd things fuck me up...but i get what every1 thinks is hard.... 7 is soooo C...and its sooooooo obvious in the key words "inital" and runnable dont past your wholeee hidden e.t.c shit.....GO TO GOOGLE AND TYPE IN THE FOLLOWING "AUGMENTED LONG RUN PHILLPS CURVE"

its in the texts cambridge and leading edge

grrr...i hate how i get that but not the simple shit

 

[whoisurdaddy]

okay...guys ill admit im wrong...ill get 18/20 probally 19...

but honestly didnt any1 think its so generic...likee so much discreprentiyyy

fuckk...all thoose oil selling developing countries...and like latin america has no agricultural e.t.c

i hate how the fuckin stuipd things fuck me up...but i get what every1 thinks is hard.... 7 is soooo C...and its sooooooo obvious in the key words "inital" and runnable dont past your wholeee hidden e.t.c shit.....GO TO GOOGLE AND TYPE IN THE FOLLOWING "AUGMENTED LONG RUN PHILLPS CURVE"

its in the texts cambridge and leading edge

grrr...i hate how i get that but not the simple shit

i agreeeeeeee wit u11

 

[jacobkhoury]

Do you guys reakon that "sam" is a good calculation of the UAI?
I put 70 for every subject and it gave me a 50UAI
Thats not possible?

 

[midifile]

Do you guys reakon that "sam" is a good calculation of the UAI?
I put 70 for every subject and it gave me a 50UAI
Thats not possible?

Yeah because alignmentwise, 70 is a below average mark, which gives you a below average UAI (50).

If you got 70 raw it would be higher than 70 after alignment

 

[MeRvE91]

Re: Multiple choice answers

does anyone have the economics paper??? please someone post it up...or at least multiple choice qs
thnx

 

[michael91]

Re: Multiple choice answers

How could it be a quota? A quote on that graph would create a vertical line (on or to the right of equilibrium).

The question was wat the impact looked like, not wat the initial change looked like.

 

[echeng]

1D
2B
3D
4B
5A
6D
7C
8C
9C
10A
11A
12D
13C
14A
15C
16D
17A
18B
19C
20B

i really 17 is a because it says "increase in Gini" no improve! GINI=1 total inequality GINI=O total equality~ so yer! for 7 i chose c because it will definitely increase price! but there's no way unemployment will worse! how can it possibily get worse because of increase demand lol! that's all from me

 

[Garygaz]

So... we came to the agreement that 7 is c) or a) ?

From Dixon's book

The natural rate of employment refers to the level of unemployment at which there is no cyclical unemployment, i.e. where the economy is at full employment.

So from an HSC point of view, with its closed views on everything, I guess it was c)?