I thought the paper was harder than previous years. The mc was more difficult, especially how most questions had two answers that were correct but one was more correct.
Edit: I knew case study was going to be asked as short answer, but was hoping it to be about eco development though
The reason why D is correct is because when an economy is experiencing a boom, the investments into the economy and the exports will be increased, and cause an increase in demand for AUD, which causes an appreciation. So in order to counter this, the economy will fix its exchange rate below the...
One problem I have with this question. I agree that the answer is C, but a deterioration in the TOT also causes a depreciation as well. Isnt that another 'economic impact', which can be addressed or countered by increasing the value of the currency?
Sub the root in and you should get something like this:
(4-a)i + 2a+b-3=0
And for this to be true:
4-a=0 $ and $ 2a+b-3= 0 $ have to be equal simultaneously $
And you can solve to get a=4, b=-5
For ii, you can use sum of roots:
1+2i + \alpha = 4i \Rightarrow \alpha = -1+2i $ where $...
Re: 2015 HSC Economics Marathon
Well the reasoning behind it is this: People who are aged close to the retirement age are usually people who are structurally or long term unemployed. So a decrease in the retirement age will cause these people who are structurally and long term unemployed to...
Re: 2015 HSC Economics Marathon
Natural rate of unemployment is the minimum level of unemployment that can be sustained without any inflationary pressures. It is also known as when there is no cyclical unemployment. It consists of structural, frictional, long term, and a bit of hidden (its...