Year Twelve Economics Examination: Five Answers to Macroeconomic Questions

In preparing these essays, I sat before a keyboard on a single (long) day, and made a selection under examination conditions of the essays I would prepare, then allocated some 45 minutes each, checking only the word count as I went, aiming for about 1000 words for each essay. I had no notes, texts, tables or other information with me, but I did take breaks between essays. I have done no editing for expression, dates or data since my time expired, but I have added (most of the) endnotes since then, and fixed some terrible typing errors caused by the pressures to which most candidates should easily be able to relate. I tried to write as an advanced teenager with good knowledge of the subject. The essays were selected not merely to maximise my 'marks' in any sense, but to cover a wide range of macroeconomic principles and their application to Australia.