VCE EconomicsPractice Examination 3

This paper covers

• The RBA's 2022–25 inflation fight: cash rate moves, transmission channels, stance and effectiveness
• AD–AS framework linking the three domestic macroeconomic goals and living standards
• Micro foundations: demand and supply shifts, price elasticity, market failure and government intervention
• The policy mix: budgetary and aggregate supply policies working alongside monetary policy

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.