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... the hair...

If Australia donates money to America, wont that make the AUS Dollar weaker because it's being injected into the US economy?

Yea but a lot of people change since high school. They can be followers back in high school but learnt to grow out of thier childness during uni and grew up to be great leaders.

Isnt it decreased inflation that stimulates people to consume more (cheaper goods)?

Good Boy!.... xiao: Until you defected?

YES..........!!

I dont even know most of the stuff 011 and sarevok was debating about!

What's all that? Who says we need to derive 'v'? We're comparing and contrasting neoclassical and accelerator.

Out of topic... What's the difference between Commerce and Commerce Lib Studies sarevok?

I'm confused. Are you referring to question 4?

From memory, NT = T - transfer payments. Also, about my previous post about question 4 not explicitly assuming that M = 0. Since NX = X - M, it is obvious that M has to = to 0 for X to be "net exports" as written in the question.

Yes, there's 10 multiple choice questions. I think question 4 is stupid. It's assuming that imports equals zero which is unrealistic in an economy. If X > M, without assuming import is 0, then net exports should be written as NX in the question, not just X. ... i don't think i just made...

i dont know as to whether the "x" should be treated as net exports. I emailed atta and he said "Write down the definition of NX and your question will be answered."

I did a mistake for national saving. I got 343.33 now

I got: 4a) 2416.66 b) 3,889.99 ~Urgh.... looks wrong EDIT: if you havent noticed already, X = 50 - 0.02Y, as it was changed this morning.

I was just about to email Atta about this. If foreign trading is not considered in the economy, then "x" wouldn't matter in the calculation. But if foreign trading is considered, then the "x" should be net exports, otherwise there will be two unknown variables in calculation.

It doesn't directly give you an answer, but it somewhat gives you a hint.

refer to notes in lecture 3

Yes, the three equations are correct. As to your first question, i have no idea. In 3a), how the heck do you get rid of M (imports) in the GDP equation?!? ECONOMICS :chainsaw:

I am very stupid in economics. The assignment is likely to take my entire week ~!! So i better start now.