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Don't need to know about consumption functions.

Of course a picture is worth 1000 words. But you raise a point which is important. There is no point in putting in diagrams for the sake of it. But certainly if you get an essay on inflation and unemployment, I would consider putting in the Phillips curve.

When a marker glances over your script, they will look for several things ranging from key syllabus terms, to appropriate diagrams, and finally statistics. this is not because they are essential in every situation, but because they do typically tend to distinguish better responses. So it can...

I cannot see that the above question has an answer. I might be looking at it incorrectly but is that the same problem you are having? Each option is incorrect as far as I can see. Where is this question from?

This thread is nothing more than an exercise in massaging the over inflated ego of the original poster. Using big words is great if you know how to use them and how to spell them. Otherwise stick to words you know how to use. Alex1992, if you want to keep contributing to this part of the forum I...

well probably the most accurate estimate is the raw marks on a one to one basis. I.e. 90+ / 100 is band 6 etc etc. But this is misleading. I don't want to give the impression that you have to get 90/100 to get a band 6. But on average you would expect that this is the case. For subjects...

Everything in the syllabus has an equal chance of being examined irrespective of where it appears. Dont get too caught up in policy specifics, but try and get a general flavour for the different forms of labour market policy. e.g. know the difference between centralised and decentralised...

The main reason the exchange rate fell during the GFC was because there was an overall reduction in the risk appetite of investors. The AUD although regarded as a reserve currency nowadays, is regarded as a riskier currency to hold than the US dollar. So currency speculators sold off the...

Well it might be useful to define the question. Firstly a factor market is a market for a factor of produciton (e.g. land labour capital enterprise). Secondly a reform is a change in the policies governing that particular market. So that explains why the example you gave is a factor...

No, we are not moving towards a centralised system such as the one we had in the 80's but we are moving back to a system that is more reminescent of the working nation reforms established by Paul Keating (which was regarded as the decentralisation of the labour market).

Well then stop acting like a smartarse.

I think your analysis is very superficial. Firstly the RBA has not increased interest rates during this period. They have significantly lowered them including a number of 50, 75 and 100 basis point cuts. The RBA has lowered rates throughout this period faster than it ever has (at least since...

Hi there The RBA used to maintain a fixed exchange rate as you should all know. Under these circumstances it is impossible for a central bank to run a monetary policy such as the one we currently run. There are a range of reasons for this, but basically it boils down to the RBA not being able...

sorry mate, who are you?

Hi I am not sure if this is a genuine question or just a beat up, but it seems you already have an opinion on this, so if you would like to share it then perhaps it can be a point of discussion rather than a loaded question.

Well firstly there is no such thing as an acquisitions approach to inflation targeting. I am not sure what you are asking either, but it is true that the ABS changed its measurement of the CPI to what it called an acquisitions approach which essentially meant that it removed the feedback...

Depends on how hard the actual exam is. Its all scaled to a bell curve so there is no point trying to guess these things.

So long as you understand the intuition behind the answer, then don't worry about this anymore. The wording in the HSC exam will not be able to have mutliple interpretations.

You dont have to quote it or refer directly to it, but consider it as an indication of where they want your answer to be focused. For example if the question is about environmental management, and there is an article about the ETS, you should write about the ETS. You may refer to it directly...

Id rather be able to coherently write two hundred words than struggle with one sentence ^^