I do not have short answer question but I do have essay questions on T4.
Question 1
Analyse how macroeconomic policy (i.e. Fiscal and Monetary Policy) can be used to achieve external stability.
Question 2
Explain the method behind how a Government can finance a budget deficit.
Question 3
Evaluate the rationale behind the Reserve Bank of Australia’s target inflation rate and explain why monetary policy suffers from a time lag limitation.
Question 4
Discuss the benefits and disadvantages of having a minimum wage and explain the national system for determining the minimum wage.
Question 5
Using diagrams, explain how market-based policies can assign a price to a negative externality (e.g. pollution) and improve the quality of life through a paradoxical reduction in consumption.