Recent content by Cityboy

IMF only has impact to AUstralia as AUstralia has funds stored with the IMF, but other than this the IMF will not in the foreseeable future intervene in the AUstralian economy. As we are not a developing economy the World BAnk has nothing to do with us.

- Increasing trade amongst nations - The large amount of financial flows thrughout the world - Convergence in tastes and government policy - TNCs and MNCs - CAD problems that are a feature of many economies. etc

33 trillion is the value of the ecosystem

Answer is 20 million

wanted to cool off inflationary pressures caused by the astronomical rises in housing prices in the mainland capitals.

what are compariative and absolute advantage?

A centralised wage fixing system is when the government or a government body sets the minimum standards for wages and conditions in workplaces as well as fixing wage increases, through fully or partially indexing them to the inflation rate

Its the foreign debt trap, not froeign debt spiral

Current account = Balance on goods and services + net incomes + net transfers

My mistake

You definetly need to refer to inflation, unemployment, economic growth and external stability when discussing macroeconomic policy objectives. The objectives of distribution of income and wealth and environmental management are not as important when discussing macroeconomic policy however a...

The study period for Trotsky begin in 1878 with his birth

Hisroriography is not important in a 2 unit modern essay. Discussing the differing views of historical schools over certain events is not required in the 2 unit course. This is what is covered in History extension. Putting historiography into a 2 unit essay only wastes your time, and also if...

For question 1 you needed to start before 1917, as Trotsky's public life began in 1905 when he was the head of the Petrograd Soviet.

NAIRU- Non Accelerating Inflation rate on Unemployment, this is the point where employment is at its lowest without causing inflation due to structural problems in terms of lack of supply of labour.