I think income tax is non-discretionary. Remember the cyclical component are the non-discretionary and non-deliberate changes. Hence automatic stabilisers, PAYE income tax is received and then given out via welfare payments/transfer payments.
But then I put discretionary as transfer payments as...
I dont think so because inflation will make exports more expensive and as a result demand for Australia's exports would decrease hence a depreciation.
Wouldnt inflation be beneficial for the terms of trade?
For the advantage disadvantage question in regards to inflation i just put it erodes international competitiveness and it is good for the terms of trade...lol
No, do not assume that the markers know what it is, my eco teacher said that you must explain everything to demonstrate your knowledge.
Also since when is CAD a speed limit on economic growth?
Its the opposite way around, where countries with a CAD problem must limit the amount of eco growth...
tbh, i dont see them asking a policy question in regards to environment. I reckon itll ask for the conflict between environment and other eco objectives??
Ok for the army talk about
Treaty of Versailles - imposed peace (diktat), Demilitirisation, how it upset the army
Kapp Putsch
Spartacist Uprising
Army Never accepted the democracy/constitution