Economics Questions Thread

[M_BONG]

Oh okay, thanks for the clarification. Is it really on the study design for budgetary policy? Must have missed it...

No they dont list it under budgetary policy; it's under Unit 3 AOS 2b (external stability) and they can ask things from other areas of study in SACs

[Jono_CP]

Ok to be honest I am a little surprised I never knew this
before, my fault :[

[demand&supply]

Can someone please tell me a new environmental policy introduced in 2014 by the Liberal Party? One that I can use for the upcoming AS SAC and possibly the exams.
Thanks.

[chasej]

Can someone please tell me a new environmental policy introduced in 2014 by the Liberal Party? One that I can use for the upcoming AS SAC and possibly the exams.
Thanks.

Do you have to use a 2014 policy? The carbon tax would be way easier to learn and explain than any of the new liberal policies. Plus I don't actually think the libs have passed a new major policy yet?

[demand&supply]

Yer my teacher told me to, I know Carbon Tax is much easier to understand but because it is abolished my teacher wants one introduced by the Liberal party, such as the Emission Reduction Fund

[Jono_CP]

Yer my teacher told me to, I know Carbon Tax is much easier to understand but because it is abolished my teacher wants one introduced by the Liberal party, such as the Emission Reduction Fund

Yeah our teacher said to avoid the carbon tax, due to the complexities involved with the Senate.

[chasej]

Yer my teacher told me to, I know Carbon Tax is much easier to understand but because it is abolished my teacher wants one introduced by the Liberal party, such as the Emission Reduction Fund

Ah alright. I don't think that many past economics students in vce would be able to help you because the vast majority of us would have done carbon tax so you're probably best of asking your teacher to help you out 

[Politics]

Is this years budget compatible or incompatible? It is kind of a tough one to justify, i think compatible but am struggling a tad justifying it.

[millie96]

do you mean in relation to monetary policy?
they're conflicting this year as the budget is contractionary where as the monetary policy is expansionary

[Politics]

When the RBA buys Australian dollars, is that money taken out of the foreign exchange market circulation?

[abcdqdxD]

When the RBA buys Australian dollars, is that money taken out of the foreign exchange market circulation?

yep, rba is just another buyer in the market

[Politics]

Anyone have any examples of Automatic Stabilizers in the 2014-15 budget? Would something like the changes to unemployment benefits be one?

[chasej]

Anyone have any examples of Automatic Stabilizers in the 2014-15 budget? Would something like the changes to unemployment benefits be one?

Automatic stabilizers are parts of the budget which change in reaction to the economy cycle with no government intervention. Changes to the structure of unemployment benefits wouldn't count, as that's a conscious decision by government, but more people going on those benefits due to higjer unemployment due to lower economic activity does count as it changed the budget without any direct government decision.

It's not really specific policy but the way that policy is designed to change in reaction to the economic cycle.

[Jono_CP]

Hi, could I have some assistance with the following multiple choice questions?

[Jono_CP]

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