VCE EconomicsPractice Examination 2

This paper covers

• Microeconomics in grocery markets: demand-supply shifts, price elasticity, asymmetric information and government regulation (U3 AOS1)
• Domestic macroeconomic goals after the inflation episode: growth, low inflation, full employment and living standards (U3 AOS2)
• The external sector: depreciation of the AUD, terms of trade, and the inflation-competitiveness trade-off (U3 AOS3)
• The policy mix: 2025-26 Budget cost-of-living measures, the RBA easing cycle, and aggregate supply/competition reform (U4 AOS1-2)

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.