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i need help with some eco questions

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AppleXY:
OHSHI- I DIDNT SEE THIS THREAD TIL NOW :P

damn, collin bet me.

For Q3.), I did it for a sac as well (i got full marks XD), can't remember exactly, but I slightly remember that the RBA had a massive expansionary phase to increase GDP growth as it was declining sharply (also, partly for unemployment, but monetary policy isn't the right weapon for it, more BP). 

I want to ans 4 but I dunno if Collins already done it, and I have to get back to my spec :P

Collin Li:

--- Quote from: AppleXY on July 12, 2008, 04:42:15 pm ---OHSHI- I DIDNT SEE THIS THREAD TIL NOW :P

damn, collin bet me.

For Q3.), I did it for a sac as well (i got full marks XD), can't remember exactly, but I slightly remember that the RBA had a massive expansionary phase to increase GDP growth as it was declining sharply (also, partly for unemployment, but monetary policy isn't the right weapon for it, more BP). 

I want to ans 4 but I dunno if Collins already done it, and I have to get back to my spec :P

--- End quote ---

Dunno if I answered it the way VCE would like it answered, but I answered it my way.

AppleXY:
haha ok. I just realised I typed a massive sentence without any periods LOL :P. There's English at work for ya. :P

But yeah, Collin answered Q4 about Microeconomic reform quite nicely :). It's main goal is to cultivate an environment for Efficient Resource Allocation (ERA) by privatisation, deregulation, tariff reform (reductions) and other govt reforms. The dilemma of MC reform [don't write MC in the exam anyway :o] is that  it conflicts with the objective of Equitable Income Distribution coupled with Full Employment. INCR in ERA leads to DEC in welfare --> DECR in  EID. INCR in ERA ---> INCR in structural Unemployment --> DECR. Full Employment objective success.

Collin Li:
God that pisses me off. You love acronyms, I love simple principles combined with a bit of simple logic.

Why do you need pretentious terms like ERA and EID?

AppleXY:

--- Quote from: coblin on July 12, 2008, 05:17:29 pm ---God that pisses me off. You love acronyms, I love simple principles combined with a bit of simple logic.

Why do you need pretentious terms like ERA and EID?

--- End quote ---

Me too. But it's easier for me to type ERA than efficient resource allocation or equitable income distribution -- especially when I should be doing some spec exam prac (FUCKING DYNAMICS I'M GOING TO KILL IT, I ALWAYS GET IT WRONG  LOL :( ).

And oh btw, I like finance and there is 99% chance that ill work in a corp. bank, so they use acronyms alot ;) [especially EBITDA lol]

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