QCEVault

Economic management — Question 3

QCAA 2024, Paper 1 · 1 mark

Q3 · 2024 · External assessmentUnclassified1 mark

QUESTION 3

Ceteris paribus, what is the effect of a significant increase in migration to Australia?

(A) The labour supply curve expands.

(B) The aggregate demand curve expands.

(C) The aggregate supply curve shifts to the left.

(D) The housing demand curve shifts to the right.

Question linkQCAA assessment resources

Related questions

  1. Q1 · 2025 QCAA · Paper 1 · 1 mark
    QUESTION 1 Identify a transfer payment in the federal budget. (A) military personnel wages (B) aged pension payments (C) new highway costs (D) indirect taxation
    Economic management
  2. Q2 · 2025 QCAA · Paper 1 · 1 mark
    QUESTION 2 What happens when the Reserve Bank of Australia decides to decrease the cash rate? (A) Bank deposit rates rise. (B) Banks pass on the rate change as soon as possible. (C) Financial institutions raise variable and fixed loan rates. (D) Interest rates change depending on each financial institution.
    Economic management
  3. Q3 · 2025 QCAA · Paper 1 · 1 mark
    QUESTION 3 Which reason is a justification for applying a demand-side economic policy in Australia? (A) to decrease cyclical unemployment (B) to maximise real economic growth (C) to enhance dynamic efficiency (D) to reduce business regulations
    Economic management
  4. Q4 · 2025 QCAA · Paper 1 · 1 mark
    QUESTION 4 If an economy is in an expansionary phase, automatic stabilisers should (A) increase employment. (B) raise income tax rates. (C) increase income tax revenues. (D) raise unemployment payments.
    Economic management