VCE Stuff > VCE Economics
Oil
marbs:
hey apple would you say my price stability and full employment summaries are correct in dealing with an increase in the oil price.
AppleXY:
Yeah. Ensure that you're talking about headline inflation, rather than underlying inflation as it doesn't include volatile items such as oil.
Also, try to discuss about cartels and OPEC which will demonstrate your "real world" knowledge. :)
Your price stability definition could be written as
"As a federal government objective which aims to keep the general increase in price level to an acceptable minimum - 2-3% measured by the Consumer Price Index (CPI)"
But pretty good summaries. I like them. :)
costargh:
--- Quote from: AppleXY on July 18, 2008, 11:48:43 am ---Yeah. Ensure that you're talking about headline inflation, rather than underlying inflation as it doesn't include volatile items such as oil.
--- End quote ---
:( Thats what I said !
AppleXY:
--- Quote from: costargh on July 18, 2008, 12:16:34 pm ---
--- Quote from: AppleXY on July 18, 2008, 11:48:43 am ---Yeah. Ensure that you're talking about headline inflation, rather than underlying inflation as it doesn't include volatile items such as oil.
--- End quote ---
:( Thats what I said !
--- End quote ---
lol. just ENSURING :P
costargh:
haha ok ;)
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