Economics Exam (2 Viewers)

[ay_caramba]

i think the CPI was 100, 102, 103 each year. if you do the inflation formula, inflation actually decreases (from 1% to 0.98% or something i forgot). it wasn't stagflation it was just the simple inverse relationship as shown on the philips curve.

yep, thats what i wrote abt too.. the stats for that eco show how inf and unempt share an inverse rel'ship

 

[jonorosie]

Shuter looks like one of those annoying kids to me

 

[Teleph]

Be realistic .....if you think your get 95+ prepare for a high 80's. Short Answer questions are marker killers.....Maybe its ur school that gave u false hope but the HSC is more cruel.

 

[Soulja]

am i crazy or was the ingfation/u/e/partiocipation rate thing stagf;ltion???
im getting kinda freaked out.. bec there was rising inflation at the saem tim eof riisng u/e?? yeah...?

yeh it was like mild stagflation coz it was such low CPI only 100, 102, 103 if i can remember over the 3 years. that means between yr 1 and yr 2 there was stagflation but the raite of inflation fell between yr 2 and yr 3.

 

[Soulja]

overall

overall, i think it could have been alot harder. the essays were very straight forward and i reckon they will mark them very hard becoz so many people would of gone so well. how can u judge what u think ur gonna get, how do ppl know how ss and essays will be marked like. all u can be sure on is what u got in mc,
i got 18. the rest is subjective.

 

[Oz]

yeh it was like mild stagflation coz it was such low CPI only 100, 102, 103 if i can remember over the 3 years. that means between yr 1 and yr 2 there was stagflation but the raite of inflation fell between yr 2 and yr 3.

staglation is high inflation without the corresponding high levels of economic growth. i did its the inverse of the phillips curve as well, fingers crossed

 

[Gurvansh]

shit i didn't even mention stagflation!!!

 

[Shuter]

Shuter looks like one of those annoying kids to me

Why does this always happen!

 

[ay_caramba]

staglation is high inflation without the corresponding high levels of economic growth. i did its the inverse of the phillips curve as well, fingers crossed

but wasnt inflation falling and unempt rising?? i worked out the infn rate for each year, and im pretty sure it fell..
or the other case may be that i just stuffed it up..

 

[Shuter]

staglation is high inflation without the corresponding high levels of economic growth. i did its the inverse of the phillips curve as well, fingers crossed

Stagflation is directly related to employment rates vs inflation rates. It is not directly defined by economic growth.

 

[Rorix]

Be realistic .....if you think your get 95+ prepare for a high 80's. Short Answer questions are marker killers.....Maybe its ur school that gave u false hope but the HSC is more cruel.

yup thats the truth right there

 

[Shuter]

yup thats the truth right there

Should I post my answers I got for the 2003 paper and you have a look at them and estimate? You're undermining my confidence a bit, but I swear I did well and knew what I was doing in that test.

 

[aka Lemon]

damn

shrt! i literally wrote jackshrt for the extended responses (5/6 pages). HowTF do u write 20 pages? Must have DANG MASSIVE writing i reckon.

 

[_esor_]

but wasnt inflation falling and unempt rising?? i worked out the infn rate for each year, and im pretty sure it fell..
or the other case may be that i just stuffed it up..

yeh i calculated too and although the CPI was rising, the actual rate of inflation was falling over the three year period....i think

 

[username]

If you wrote stagflation and showed the relationship despite the falling inflation rate, would you still get marks?? Obviously i backed up despite being wrong, but i showed a relationship regardless.

 

[disco_dave]

Should I post my answers I got for the 2003 paper and you have a look at them and estimate? You're undermining my confidence a bit, but I swear I did well and knew what I was doing in that test.

I dont think anyone is "undermining your confidence", we can see that you confident. very confident actually. I think people might be undermining your ability to get such a high mark... I dont think you confidence is going anywhere fast.......