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HSC Economics Question Thread

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emilyyyyyyy:

--- Quote from: jelena_nina2001 on November 03, 2019, 12:08:03 pm ---hey peeps, i need help with this question please (2017 HSC economics)

--- End quote ---

So you basically have to just do trial and error with each option. So you know that 2.5=1/(1-MPC), which is just the formula for the multiplier. So then for the first one for e.g., you have to see if 1/(1-(250-100/1000)) equals 2.5, and so on until one of the fractions equals 2.5.

Hope that makes sense :)

jelena_nina2001:

--- Quote from: emilyyyyyyy on November 03, 2019, 06:12:47 pm ---So you basically have to just do trial and error with each option. So you know that 2.5=1/(1-MPC), which is just the formula for the multiplier. So then for the first one for e.g., you have to see if 1/(1-(250-100/1000)) equals 2.5, and so on until one of the fractions equals 2.5.

Hope that makes sense :)

--- End quote ---

yes it does, thankyou so much!

jelena_nina2001:

--- Quote from: emilyyyyyyy on November 03, 2019, 06:12:47 pm ---So you basically have to just do trial and error with each option. So you know that 2.5=1/(1-MPC), which is just the formula for the multiplier. So then for the first one for e.g., you have to see if 1/(1-(250-100/1000)) equals 2.5, and so on until one of the fractions equals 2.5.

Hope that makes sense :)

--- End quote ---

jelena_nina2001:
hey peeps, how is the answer D please?

milie10:
Hi!

Could someone please give me a rundown on how you would answer this short answer question in an exam?
"Outline how an economy might reach its non-accelerating inflation rate of unemployment"

Thanks :)

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