Internal Stabilty...? (1 Viewer)

[TastesGoodBut]

If a question comes up on internal stability (what im kind of predicting seeing as external was asked about 3 times in the last 2 years) what does one mention?

Is is just low unemployment and low inflation??
Does economic growth come into it in terms of a policy objective??

dankeshon!

 

[timmii]

sustainable economic growth is an objective.

i.e stable (reduced fluctuations in economic activity), that does not increase CAD (tho thats more external balance), and is environmentally, and intergenerationally sound.

 

[Exeter]

sustianable eco growth
low inflation
low unemployment
esd
full employment of fops
income equality

bitteschon!

 

[Blondie]

wats esd?

 

[2003HSC]

according to the syllabus, internal stability is only inflation and unemployment.

 

[TastesGoodBut]

its a drug u take when u study economics








nah - its Ecologically Sustrainable Development

 

[Newbie]

i hope its internal stability
but that seems a little too easy considering the level of sadism of this years hsc

 

[Blondie]

Originally posted by TastesGoodBut
its a drug u take when u study economics

yeah yeah yeah...........where can i get some

meanwhile, internal balance is:
-inflation (2-3%)
-full unemployment

thats it. thats all internal balance is....or so the textbook says. (i wouldnt know, im blonde )

 

[Newbie]

i would include sustainable growth as well
just gives the essay more filling

 

[Blondie]

yeah, thats true. SUSTAINABLE growth! ok, will remember

*fails to remember* ... oh well

 

[TastesGoodBut]

lols was just about to ask u newbs if u would add sustainable growth, but u answered for me

thanks you guy dood!

 

[2003HSC]

growth isnt part of internal stability. its only unemployment and inflation. growth is growth ok?

 

[rukawasan]

ergh... u ppl do realise ur gona have bt 50min an essay max if u rush the other sections... so lets not get too ambitious...

but i would definitely include sustainable eco growth since u cant achieve internatl balance (price stability and full employment) wihtout sustainble growth...

 

[Harimau]

Originally posted by rukawasan
ergh... u ppl do realise ur gona have bt 50min an essay max if u rush the other sections... so lets not get too ambitious...

but i would definitely include sustainable eco growth since u cant achieve internatl balance (price stability and full employment) wihtout sustainble growth...

I would say it would be 1 hour max each essay. I think its possible to do the Short Answers within 50 minutes.

 

[monkey187]

Originally posted by Exeter
sustianable eco growth
low inflation
low unemployment
esd
full employment of fops
income equality

bitteschon!

what is fops?

 

[saves.the.day]

Originally posted by Harimau
I would say it would be 1 hour max each essay. I think its possible to do the Short Answers within 50 minutes.

my setup is
mc = 15min
each short/ans question = 15min (total spent on short ans = 60min)
This leaves 55 minutes for each essay.

 

[timmii]

fops = factors of production.

 

[monkey187]

ehh i know im stupid but

full employment of factors of production??

 

[Exeter]

monkey:
factors of production being land, labour, capital and enterprise
the easiest to explain is labour
we have unemployment, and thus there are resources(ppls work) being wasted
land - well if theres unused land our production possibility curve isnt at the most outer possibility
and same with capital and enterprise