Economics exam discussion

[millie96]

Were we able to write below the lines because there was no border?

[daniel.esdaile]

Everyone post your  multiple choice answers
 And underlying includes one off events yeah?
And what other extended response questions did people struggle with

[jaketsorlinis1]

Does anybody know if the answer for question 12 was a or b
It asked which of the following government initiatives will improve non material living  standards
A was increased public resources directed to the provision of support services for domestic dispute resolution
B was the introduction of industrials relation reforms that encourages businesses to negotiate directly with employees on extended working hours

[Jono_CP]

Everyone post your  multiple choice answers
 And underlying includes one off events yeah?
And what other extended response questions did people struggle with

Includes? Almost gave me a heart-attack, pretty sure it excludes volatile items.

[Fuze]

underlying excludes volatile commodities

[ronnie]

Includes? Almost gave me a heart-attack, pretty sure it excludes volatile items.

Definitely excludes, both volatile AND one-off items.

Does anybody know if the answer for question 12 was a or b

Based on the two answers you've given, I would think it's A.
B is likely to decrease NMLS, because there's an assumption that employees don't have much power, meaning employers will get the better end of the deal - employees working longer hours, throwing out the work-life balance and deteriorating NMLS.
That said, C or D could be better answers - I haven't seen the paper.

[Jono_CP]

Definitely excludes, both volatile AND one-off items.


Yeah sorry I meant events...

[abcdqdxD]

MC solutions are up! Refer to first post in this thread.

[abcdqdxD]

How did everyone go on the MC?

[demand&supply]

Thank you for the solution  according to it I got 13/15

[mcelle888]

For question 13 of MC, why does supplyof AUD decrease? I thought higher interest rates caused increass in demand for the AUD and then an increased supply of the dollar (expansion along supply)?

This question and question 11 basically used up 10 whole minutes :l

[vididid]

Thank you for the solution  according to it I got 13/15

omg me too!

[abcdqdxD]

For question 13 of MC, why does supplyof AUD decrease? I thought higher interest rates caused increass in demand for the AUD and then an increased supply of the dollar (expansion along supply)?

This question and question 11 basically used up 10 whole minutes :l

Supply decreases because people are less willing to sell their AUD as it is a profitable investment. Note that this is a shift in supply (not a movement).

[mcelle888]

Supply decreases because people are less willing to sell their AUD as it is a profitable investment. Note that this is a shift in supply (not a movement).


Ohh I see.. thanks

[watagal]

I seem to have gotten question 4 and 11 wrong, does anyone have a copy of the full questions for 4 and 11 with all the options a,b,c,d. Thanks i wan t to see exactly what I did.