AD + AS factors effecting the 5 goals?

[DiMennzzaa]

Can they ask you a direct question:

e.g. Explain how consumer confidence has effected economic growth in the last 12 months?

Or will it most likely be

Explain how one Aggregate demand or Aggregate supply factor has effected economic growth in the last 12 months?


If so, how many factors should you know for each goal? In my text book there are heaps e.g.. interest rates, disposable income, business confidence, climatic conditions etc etc etc

[morantz]

According to many exams that I've done to date, the second variant or similar appears more often than the first. Depending on the question given, providing one factor for each would be sufficient. I don't know about HSC, because down here in Victoria, the VCE exams usually ask for one or two factors directly linking to one or two goals.

[sam.utute]

I think the safest bet is to know 4 demand and supply factors - including interest rates, AUD and terms of trade (these are the harder ones and most likely to be explicitly tested).
Usually they ask you to choose. Make sure your choice of factor is relevant in the current economic context e.g. overseas economic growth and the Eurozone crisis.