A
abumenang
Member
Hi there,
I have a few last minute questions to ask. I know time is a bit short now but would really appreciate it if anyone could answer my questions.
1. Since we are in a recession at the moment, why has the government increased taxes? As mentioned in the notes, during a recession, an expansionary fiscal policy might be used which means increasing spending and reducing taxation. I understand that this is theoretical and in real life, many other complications would arise but it bugs me that I don't understand what is happening around me..
2. When an exam question says "Explain the differences between...", is it alright to draw up a table comparing the two things being compared and list the differences in point form is time is running short?
3. As the general rule is not to use tippex in exams, is it okay to use tippex when drawing curves. Sometimes, it is easy to make a mistake when drawing in a curve (especially with indifference curves and complicated MDS, LSAS, SRAS curves - eg. effect of price increase on substitution and income effect.). Also, are we encouraged to use different colours when drawing the curves in the exams?
Thank you.
I have a few last minute questions to ask. I know time is a bit short now but would really appreciate it if anyone could answer my questions.
1. Since we are in a recession at the moment, why has the government increased taxes? As mentioned in the notes, during a recession, an expansionary fiscal policy might be used which means increasing spending and reducing taxation. I understand that this is theoretical and in real life, many other complications would arise but it bugs me that I don't understand what is happening around me..
2. When an exam question says "Explain the differences between...", is it alright to draw up a table comparing the two things being compared and list the differences in point form is time is running short?
3. As the general rule is not to use tippex in exams, is it okay to use tippex when drawing curves. Sometimes, it is easy to make a mistake when drawing in a curve (especially with indifference curves and complicated MDS, LSAS, SRAS curves - eg. effect of price increase on substitution and income effect.). Also, are we encouraged to use different colours when drawing the curves in the exams?
Thank you.