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I talked about both coz the question just said macro. But made sure wrote that RBA not controlled by gov. Think you needed both coz fiscal mainly for unemployment and RBA is for inflation targetting.Q25- 8 pages
Q27- 8 pages
They were alright... but the macro policy one stumped me a bit... was it just about the budget (fiscal policy) or could you talk about the RBA aswell?
I know a guy who wrote 45 pages in our modern exam. And I've heard of people writing more than that; so it's unlikely they're lying.I did 25/4.5 pages 27/6 pages.
lol 17 pages, liar.
i don't think i went to well
It would've been wise to link to Philips Curve and NAIRU. It represents both aspects of the question Inflation and Unemployment. Similarly a mention of automatic stabilisers would've been appropriate.I talked about both coz the question just said macro. But made sure wrote that RBA not controlled by gov. Think you needed both coz fiscal mainly for unemployment and RBA is for inflation targetting.
Yea, pretty good paper. Seriously thought they would have something weird this year.