Graphs (1 Viewer)

[Pudgedog]

so what graphs do they want us to know exactly?

also dont just list em, give a little insight too and draw them if possible.

 

[Blondie]

hahaha...yeah, sorry. dunno. u could try the expansionary/contractionary graphs for fiscal policy. cant draw them too long to explain. but i helped

 

[cakes]

J curve- looks like a J, where the y axis is the current acct balance, x axis being time
and it shows the impact of a depreciating $AU on the balance of payments in the short run and long run

Philips curve- shows conflict between objectives of low inflation and low unemployment

oh and you can always use the supply curve haha..

 

[2003HSC]

Originally posted by cakes
J curve- looks like a J, where the y axis is the current acct balance, x axis being time
and it shows the impact of a depreciating $AU on the balance of payments in the short run and long run

when you say it looks like a J, does that mean its like a phillips curve reversed horizontally?

 

[monkey187]

wtf a J curve!!! i never heard of it!!

 

[Pudgedog]

me either.

 

[truly-in-bliss]

its not in the syllabus, dont worry if u dont know it.

the j curve and the phillips curve feature heavily in the old syllabus, dont waste time on ur j curves.. haha

 

[2003HSC]

Originally posted by cakes
J curve- looks like a J, where the y axis is the current acct balance, x axis being time
and it shows the impact of a depreciating $AU on the balance of payments in the short run and long run

so as the exchange rate increases, the CAD increases? doesnt that depend on how much loss in exports is offset by the amount saved in aus dollar terms on servicing liabilities through valuation effect? in that case, i dont think you can make it into a model.

 

[Exeter]

j-curves suck ass
they disproved it and now its never used

 

[Blondie]

haha! yay! so...........maybe we can disprove other stuff, and sop future eco students from suffering..................................on second thought, maybe not...we suffered, THEY DESERVE TO SUFFER TOO!!! *evil laugh*
.
.
.
.
ok sorry...

 

[cakes]

yeah ive never used the J curve in an essay.. it was just on my page of diagrams

 

[loser]

W curve is more appropriate than the J curve.

 

[Damien]

Just draw a being penis and label it.
Should get you at least a Band 5.

 

[J2thaD]

WTF is a J Curve?? If it aint in da syllabus what are u clowns doin learning it?? just shows how stupid u guys r, thank god u dun go to my skool.

 

[eeyore]

maybe the lorenz curve if there's something about income distribution