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HI5003 Economics for Business -Tutorial Questions

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Assessment Question Week 9 and 10:
Inflation and unemployment, and Macro economics

Question 5 (Marks 11)
i. Use two diagrams to explain the effects of the determinants of aggregate demand on real GDP in a nation. (8 Marks)
ii. Suppose there is an expectation of a rapid general price increase in goods and services in Australia in January 2021. Examine the effects of the anticipated general rapid increase in price for goods and services. (3 Marks)

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