Recent content by meh

i'm really pissed off about this timetable - i have an exam on a sat and I'm jewish!!!

godamn hippies

not as easy as you might think considering how little people were prepared to get a question on international crimes. my teacher marked the 2003 paper and said they were throwing away marks because this was a tough question and because not many people knew the answers. There is no gaurantee...

i want to be you *cries*

sorry double post :P but seriously - i am just curious

where is your TEXTBOOK mate???

where is your TEXTBOOK mate???

the role of fiscal policy is clearly set out 1. the reallocate resources 2. to redistribute income 3. Stabilise economy (counter cuclical action) it works both for internal and external stability - particularly in the are of public sector debt (now trying to minimise it and encourage...

hahaha ofcourse i will be able to learn the new ones - u kidding!!!

heheh good revision, i liked it!

yeah thats right the point is that the govt is kinda taking a back seat on this issue there is fiscal policy things like you said, such as the two auto stabilisers but there are also policies that PREVENT more equitable distribution, you must mention that rather than what the govt IS...

Financial Sector First sector to experience micro Deregulation occurred early 80s = floating of $A and removal of RBAs direct monetary controls over banks Reforms encouraged innovation/efficiency in the financial sector by increasing comp b/w all financial enterprises through intro of...

1. Briefly explain how the Reserve Bank could intervene in the foreign exchange market to influence the exchange rate of the $A. Answer: the RBA could intervene through Dirting the Float or through Interest Rates. It could dirty the float by being a buyer and seller of $A - if it sold $a...

damn eco to be one of the last exams!!!!!

well about the IR - if the fiscal policy is in surplus, that means they addopt a more contractionary aproach - which could be matched with a relatively expansionary monetary policy - otherwise we will have a reccession caused by the same thing as the early 90s recession, too contractionary macro.