# Section I: Multiple Choice (1 Viewer)

#### Terlob

##### Member
runnable said:
Why did you post then. Im sure everyone here knows your opinion by now

#### runnable

##### Active Member
Terlob said:
Why did you post then. Im sure everyone here knows your opinion by now
Same reason as you posting.

#### ronash

##### Member
Terlob said:
Why did you post then. Im sure everyone here knows your opinion by now
agreed.

over 11 pages of forum illustrating this

#### runnable

##### Active Member
This forum is for discussion.

Its not as if we are trolling.

#### Terlob

##### Member
runnable said:
This forum is for discussion.

Its not as if we are trolling.
But you're being an arrogant wanker. Apart from your first few posts you havn't added anything to the discussion, just tried to make yourself look smarter than the rest of us.

#### runnable

##### Active Member
Terlob said:
But you're being an arrogant wanker. Apart from your first few posts you havn't added anything to the discussion, just tried to make yourself look smarter than the rest of us.
I'm was pointing out whats right and whats wrong and discuss. Unless someone proves me wrong, its not as if what I said was invalid. You calling me an arrogant wanker just shows that you've ran out of logical things to say. So thanks.

#### ronash

##### Member
runnable said:
you have been pwned and it has been comprehensively proven true that C is the answer yet you still insist that "7 = A"

and its not only on this thread either, you have realised the fallacies in your arguement in the question 7 thread as well, claiming that you will be right come january.
but its your opinion so thats ok.

#### ronash

##### Member
Terlob said:
But you're being an arrogant wanker. Apart from your first few posts you havn't added anything to the discussion, just tried to make yourself look smarter than the rest of us.
agreed once again

#### runnable

##### Active Member
ronash said:
you have been pwned and it has been comprehensively proven true that C is the answer yet you still insist that "7 = A"

and its not only on this thread either, you have realised the fallacies in your arguement in the question 7 thread as well, claiming that you will be right come january.
but its your opinion so thats ok.

Proven by who? Who knows the 100% right answer and told us? Proven by you?

#### JJmn

##### Member
Terlob said:
But you're being an arrogant wanker. Apart from your first few posts you havn't added anything to the discussion, just tried to make yourself look smarter than the rest of us.

#### ronash

##### Member
runnable said:
Proven by who? Who knows the 100% right answer and told us? Proven by you?
wrong word...more like general consensus

#### runnable

##### Active Member
ronash said:
wrong word...more like general consensus
Well quite obviously general consensus is not nearly always right. Whats more, its hardly a general consensus here.

#### Rix123

##### New Member
7 is definately C - how can u think its A - its soooo easy!!!!

first unemployment can go below NAIRU - non accelerating rate of inflation. therefore unemployment below NAIRU adds to inflation and obviously if its below NAIRU then unemployment has gone down initially (the q says initially) and therefore if its below NAIRU it will cause INFLATION.

With 8 - did anyone get D? not coz its the right answer but because none of the other ones were because:

decentralised -
imporves labour mobility
increases inequality
increases inflationary pressures as government can't fix wages below or to inflation and so relies on market forces.

decentralised usually increases wages so therefore reduces international competitiveness

Does anyone agree or see the logic?

#### Garygaz

##### Active Member
Rix123 said:
7 is definately C - how can u think its A - its soooo easy!!!!

first unemployment can go below NAIRU - non accelerating rate of inflation. therefore unemployment below NAIRU adds to inflation and obviously if its below NAIRU then unemployment has gone down initially (the q says initially) and therefore if its below NAIRU it will cause INFLATION.

With 8 - did anyone get D? not coz its the right answer but because none of the other ones were because:

decentralised -
imporves labour mobility
increases inequality
increases inflationary pressures as government can't fix wages below or to inflation and so relies on market forces.

decentralised usually increases wages so therefore reduces international competitiveness

Does anyone agree or see the logic?
Nah man, when you move to a decentralised system, there is less government intervention hence less protection for workers, wages fall.

Also with question 7, as there is more aggregate demand, that pretty much means eco growth, which means hidden unemployed rejoin the workforce and initially add to the unemployment rate. Though it's a stupid question, both answers can be argued.

#### ronash

##### Member
Garygaz said:
Nah man, when you move to a decentralised system, there is less government intervention hence less protection for workers, wages fall.

Also with question 7, as there is more aggregate demand, that pretty much means eco growth, which means hidden unemployed rejoin the workforce and initially add to the unemployment rate. Though it's a stupid question, both answers can be argued.
but thats the thing!!!!

hidden unemployment does not immediately reduce as soon as there is an increase in aggregate demand so you cannot argue that it initially adds to the unemployment rate

#### runnable

##### Active Member
ronash said:
but thats the thing!!!!

hidden unemployment does not immediately reduce as soon as there is an increase in aggregate demand so you cannot argue that it initially adds to the unemployment rate
It does immediately reduce hidden unemployment. Day 1: Oh its good growth now. Day 2: Lets go look for a job.

#### Garygaz

##### Active Member
ronash said:
but thats the thing!!!!

hidden unemployment does not immediately reduce as soon as there is an increase in aggregate demand so you cannot argue that it initially adds to the unemployment rate
Eh, i shouldn't be doing this i've got ext 1 tomorrow but anywhooz.

At NAIRU, there is still frictional, seasonal, structural, and hardcore unemployment, as well as hidden.

When there is eco growth:

Frictional unemployed don't get employed quicker as it is addressed by better employment agencies.

Seasonal unemployment doesn't reduce for obvious reasons.

Structural unemployed don't get employed as they have the wrong skills, you can't get someone who was a car-manufacturer to work in say finance.

Hardcore... well yea, not getting a job from eco growth.

So as there is growth, initially the hidden unemployed, who might very well have the skills necessary to fill these new jobs, enter the workforce, initially driving up unemployment.

#### Dimplez

##### Member
You articulated why I said A really well Garygaz

#### Garygaz

##### Member
runnable said:
Well quite obviously general consensus is not nearly always right. Whats more, its hardly a general consensus here.
gut yaself ya onkgrah