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March 29, 2024, 07:46:52 am

Author Topic: Multiple choice questions !!!  (Read 701 times)  Share 

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steviemay2000

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Multiple choice questions !!!
« on: November 05, 2018, 02:33:50 pm »
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Can someone please help me with the two economic questions attached.

For Q17 - I have no idea how to work this out

And for Q18 - could someone please explain why the answer is D and not A

Thanks in advance

Fergus6748

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Re: Multiple choice questions !!!
« Reply #1 on: November 05, 2018, 03:10:59 pm »
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Can someone please help me with the two economic questions attached.

For Q17 - I have no idea how to work this out

And for Q18 - could someone please explain why the answer is D and not A

Thanks in advance
Hey, so the first question is C because you can see that for both the Euro and Yen, the Australian dollar has appreciated against both, but the AUD has depreciated against the USD. The answers then is C.

For the second q, the answer is D because the price of oil is very volatile and is constantly changing, whereas the price of houses is pretty constantly increasing and doesn't go up and down quickly. Because it says an increase in the world oil supply that means that as supply goes up, the price of oil goes down. Headline inflation includes volatile prices such as oil so the headline inflation would decrease as the oil price goes down but the underlying inflation DOES NOT include oil prices so it remains unchanged.

Hope this helps!!
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