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Sigh, you really are clutching at straws now. Export price index --------------------- Import price index

I quoted my textbook, which shows that anyone who is arguing for D is clueless.

You're right. High ToT is generally associated with an increase in demand for Australian exports. Therefore if the ToT deteriorates, demand for Australian exports will deteriorate as well. Dirtying the float to appreciate the value of the $A would only further weaken demand for exports. This...

I quote my textbook: "Changes in commodity prices and in the ToT tend to have an immediate effect on the $A. A rise in commodity prices and an improvement in the ToT are generally associated with an increase in Australian exports. Financial markets will often respond to these changes by...

My fiscal essay was rubbish now that I think back. I'll be happy with a 15/20 to say the very least.

Terms of Trade influences the exchange rate. The value of $A does not influence the TOT as far as I am aware. If TOT improves, $A appreciates. If TOT deteriorates, $A depreciates. Still, you could use this to argue that D is the answer I guess.

Exactly.

Appreciation of the $A will have a contractionary effect as Australian exports would lose international competitiveness. Moreover, increasing the cash rate would potentially increase the value of the $A anyway. It definitely isn't D, as it is too similar to A.

Really? Please explain how you did 20 multiple choice questions, 40 marks of short answers and two essays in one hour.

No way. Raw mark of 87 aligned to 94 last year. Maybe it will align to 93 this year, but not 90.

If it's a good essay, maybe a 12/20...

My teacher is a very tough marker, she told me not to worry about my short answers just before our exam today (usually get 30-31/40), because she has marked us harder than we will be in today's papers.

14 is B, my bad, just a little tired. I don't know why C is right, all I know is that the other options are all incorrect :D

You should have told the examiners? Oh well, you'll do fine.

I posted the answers before, but it appears I (my teacher) got 17 wrong. She said it was C, but D looks correct. Look through the thread an you will find it. 7 is C, 14 is B though.

So happy, now I have 18/20 for MC considering that the answer to 17 was D and not C :D

Cheerin! My teacher was wrong then! I was right!

DW, found it.

Great thanks. Raw mark of 84-88/100 me thinks.

Raw mark of 92 aligns to a 95-97. Ooft. I got 90% in trials and I hadn't prepared for either of the Nazi Germany questions we got, and I only had one essay prepared for Vietnam. Feeling more confident now.