I keep finding contradictions in the CPAP study guide/jacaranda text book and its pissing me off. AND I DONT SEE A SINGLE PERSON TALKING ABOUT THIS STUFF. LET ME GIVE U AN EXAMPLE, the this stupid question asked by CPAP: "Explain how a decrease in the USA inflation rate compared to rates of inflation in Australia would influence the exchange rate" and the answer is, "higher relative rates of inflation in Australia will reduce
Australia’s international competitiveness (e.g. Australian exports become relatively more expensive compared to competing products in the USA) and result in both fewer exports and a reduced demand for Australian dollars." OK!!!! MAKES SENSE!!!! BUT WAIT, THE DUMMY WHO WROTE THIS CONTRADICTS HIMSELF AND VCAA, WITH SIMULAR QUESTIONS GIVING DIFFERENT LINES OF LOGIC (ANSWER TO MC QUESTION 14 IN THE EXAM BY VCAA WHOSE LOGIC CPAP AGREES WITH)::::: "If there were an increase in inflation rates in the United States (US) it is likely that there would be an increase in US interest rates to bear down on the inflationary pressure. By raising US interest rates, it is likely to also mean that investors from around the world would be attracted to the higher interest rate returns on offer in the US. Therefore, there might be capital outflow from Australia, thus leading to a depreciation of the Australian dollar." wtf?? heh?? this is completely different reasoning, AND NOW IM JUST CONFUSED. THANKS CPAP, MORE LIKE """CRAP""", THIS CONFUSION IS COSTING ME SAC MARKS.
IN ADDITION,,,,, THE VCAA QUESTION IS E X T R E M E L Y FLAWED..... LIKE IT SAYS INFLATION, BUT IT DOESNT SPECIFY THAT ITS DEMAND INFLATION!! IT COULD BE COST INFLATIONARY PRESSURES THAT RESULT IN BUDGETARY ACTION TO INCREASE INFRASTRUCTURE PROJECTS N SHIT WHICH WOULD PROBABLY HAVE A DIFFERENT EFFECT ON THE EXCHANGE RATE. THIS IS JUST ONE QUESTION AMOMG THE INFATHOMABLE NUMBER OF UTTERLY FLAWED EXAM QUESTIONS. HENCE, I BELIEVE THE ECONOMICS COURSE IS GARBAGE AND BROKEN. -5/10, WOULD NOT RECOMMEND DOING SUBJECT.
THANK U FOR LISTENING TO MY TED TALK.