Question: 4.Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget every year. 5.Iron ore

4.Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget every year.

5.Iron ore is Australia's largest export. Suppose that there was an unexpected increase in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar exchange rates, and how this would impact other exporting industries, other import-competing industries, and domestic consumers.

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