VCE EconomicsPractice Examination 6

This paper covers

• Tourism recovery as the applied context: recovering services exports, hospitality labour shortages and regional visitor demand
• Markets and market failure: demand-supply shifts, price elasticity, common access resources and intervention (U3 AOS1)
• Aggregate demand, the three domestic macro goals, exchange rates and the balance of payments (U3 AOS2-3)
• The policy mix: budgetary vs monetary AD policies and aggregate supply policies, including lags and trade-offs (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.