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The best answer is that there is no one answer. There is no single statistic that measures underlying inflation in absolute terms. The RBA will consider a number of measures that proport to indicate the underlying rate of inflation. Here is a description from the RBA on some of the...

Not so much seasonal factors, but more volatile items, or shocks The US subprime crisis had very little impact on the australian economy. There was a fall in consumer confidence, but it was most likely due to rising interest rates (in response to inflation). It has affected the banking...

the 20/20 summit was a ridiculous elitist idea that was a way for Rudd to mingle with celebrities. No new ideas came from the summit, only a regurgitation of existing ideas. I dont think the initial post was meant to point out that being treasurer is easy, or even that they would make a good...

haha no shooting down in flames... I will add some comments but I will refrain from completely answering the question... I think you are on the right track but perhaps havent said it in the best way.... It is true that demand pull inflation (caused by excessive demand) is not the only...

I have a simple question that is designed to be thought provoking.... Why is it that CPI inflation for the September quarter 2007 was only 1.9% (below the RBA's 2-3% inflation target), yet the RBA raised interest rates in November 2007, February 2008 and March 2008. Wheras CPI inflation...

I wont personally draw a graph because I cant be bothered, but just do it in terms of a normal supply and demand diagram.... the RBA intervenes in the forex market in extreme circumstances through the purchase or sale of australian dollars. All you have to do is show an increase in supply (a...

Haha so naive! Yes, I have read his articles etc etc But he isn't particularly good. I think he has a knack for writing, but then that doesn't make him a particularly good economist. If anything quite the opposite (you will find that the most influential and important economists are rather...

Ross Gittins sucks....

You know what? In 1997 they were... Here are some figures from the december quarter of 1997. Current Account = -4254 BOGS = -66 GS Credits = 29967 GS Debits = -30033 Net Income = -4263 Income Credits = 2754 Income Debits = -7017 Current Transfers = 75 CT Credits = 979 CT...

Best way of thinking about it is NOT in terms of currency. this is just confusing, although it does provide a very superficial explanation. It also provides a solution of how dynamic economy will adjust in order to balance the BOP but this is not something you need to know in HSC economics...

WHOAH>>> NO this is nooot correct... Analyse is to look at how something works. Quite the opposite of a value judgement. Evaluate might involve a value judgement. If you are analyzing something you are describing how different components work together. For example with globalisation you might...

Few problems are solved by governments.... But yes, that is probably the right take... I would simply challenge the notion of governments thinking they have a responsibility to intervene.

Just about every bank will pusblish a document similar to this very briefly summarising current market trends. They are documents produced by the relevant economic research group. You can find them on the websites of the banks. If you find this usefull I would recomend getting more from the...

In a round about way you could say it related to opportunity cost but I dont think thats the cleanest way to answer this question. It is to do with what is known as decreasing returns to scale. For example if I have a factory and have 100 workers making rubber tyres, this may produce 100...

1 - What you are describing is pareto efficiency (i.e. you cannot make more of one good unless you sacrifice another). But this is not the only requirement in order to achieve allocative efficiency. All of the points on the production possibility frontier (ppf) will be pareto efficient...

I hate to say it, but you are all wrong.... There is nothing even remotely about this question that is biased. you are not asked to write an essay about why workchoices is bad. That is biased. There is plenty of scope to write both good and bad aspects of workchoices. You could say...

I generally approach interviews in the following way: 1 - Be yourself - they can smell bullshit a mile away. If you arent yourself, you arent natural, and you dont seem confident and will inevitably stuff up in the interview. 2 - Be personable - treat them like you would any other collegue...

Hey I do BBA Bec (Bus Admin / Economics double degree) BBA is a good degree if you want to become a manager eventually, and want a good foundation in all areas of a business. You do a bit of everything - ranging from marketing, statistics, economics, human resource management, accounting...

BBA 340 Cross Cultural Management 78 D Distinction ECON232 Econometric Principles 67 CR Credit ECON356 History of Economic Thought 84 D Distinction POL 165 Intro to Australian Politics 85 HD High Distinction

Yes I got VIP backstage passes for the afterparty.... Met the whole band, except the man we all came to see - axl haha Unfortunately axl is fairly private and had his own gathering with his closer friends such as sebastian, his assistant, his tour managed etc. The only way to get into...