a) labour market deregulation, reducing awards to 20 conditions thus more go onto CA n AWA.
b) increase international competetiveness
c) microeconomic policies aim at improving resource allocation, productivity, and induce structural change. Aim at certian sections. structural change is a...
demonstarte that echange rates can be bilateral or multilateral (TWI), shows how AU is real eco performance, they can go diff directions, its just a way to write another 1-2paragraghs
so in order to reduce CAD n external balance, you would use contractionary policies? monetary cant be used and proves to be unpopular, but how do fiscal? micro u would use labour deregulation leading to st unemployment and GBD but long run international competitiveness and GBS. what about...
thanks, i undastand d basics of it, its just hard tryin to elaborate it like leading edge suggested answers, they start talkin about all dese crazy trends n stuff
nah not really, just sed dat so ppl will answer my question lol. anyways...
how do you tackle a CAD or external stability essay?im shit at dem, any good advice what i should be included, like structural causes of it n stuff
short term, increase structural unemployment, with labour cost saving technology.
long term, eco growth will occur with this increase in productivity, which will offset the initial rise in unemployment. take that however way you choose