QCE EconomicsPractice Examination 14

This paper covers

• Labour market reforms and enterprise bargaining
• Wage growth and real household income
• Consumption and aggregate demand (AD/AS model)
• Inflation — demand-pull and cost-push dimensions
• Unemployment rate — short-run vs long-run effects
• Supply-side / microeconomic reform policy
• Fiscal and monetary policy interactions
• External stability and the current account
• Income distribution and living standards
• Australian macroeconomic objectives trade-offs

Students are permitted to bring into the examination the materials normally allowed for this subject. Answer all questions in the spaces provided.

This is an ATARMAxxing practice paper. It is not an official examination and is not affiliated with, endorsed by, or produced by the VCAA, NESA or the QCAA.