MC Q's 9 and 12 (1 Viewer)

[sugamama]

OMG I think I totally bombed it!

OK for 9 can someone explain why AD is OJ at equil income? I know it seems really simple but I thought AD was equilibrium at OK. Doh!

And one other think for Q 12!!!
THe HSC advice line said if they ask for Year 3 in inflation and not specifically from Year 2 to 3 to take the BASE year (year 1) as the previous year.

I was always taught the PREVIOUS year like everyone else but that guy was really confident. I think I'm wrong. Someone give me hope?

noooo 18/20 ain't bad!

 

[Minai]

For Q12. It's always the previous year. Inflation rate is a percentage change in the CPI from one year to the next

 

[sugamama]

Noo stupid HSC advice line!!!!! I hate that guy! hehe

And someone explain why AD is at that point at Ye? i thought AD doesnt change unless gov pumps investment? Someone explaiN!!!!! Me so confused!

 

[malteaze_aura]

Economics, multiple choice Question 8

Can any one explain Question 8 ? I always thought the formula was like Y = C + I + G + ( X - M )

I think I am missing somethign aint I ? What did you guys put for that answer ?