Polly Quotes
“Let’s Get Australia Back on Track.”
Who is Peter Dutton? Election campaign quote
When the AD curve shifts to the right, an economy will see rising inflation and economic growth.
What is the ADAS model?
The effective rate of assistance to manufacturing fell from around 35 per cent in the early 1970s to 5 per cent by 2000.
What is trade policy?
I am a number between 0 - 1 and the lower I am the better.
What is the gini coefficient?
I am known for political corruption (one of my previous Presidents has just been sent to prison). I am selfish and don't think about the future, but gosh I grow good coffee.
Who is Brazil?
"Of course, I will be called racist, but if I can invite whom I want into my home, then I should have the right to have a say in who comes into my country.”
Who is Pauline Hanson? 1996 maiden speech
You can’t go beyond it but when the economy sits within it, it’s a sign not all resources are being used to their potential.
What is the Production Possibility Frontier?
Policies that determine wages and working conditions between employers and employees in Australia.
What is Labour Market Policy?
I am 0.2% higher than the governments target, but don't go lower than the target - prices will start to rise. BUT - it really depends who you talk to if this is even the right target
What is the NAIRU?
This country became the world’s factory, stacked up trade surpluses like Jenga blocks, and got into a tariff tug-of-war with the U.S. that made economists everywhere reach for popcorn
Who is China?
"Go and get a job! Go and do a bit of work like the rest of us"
Who is Paul Keating? To protestors in 1995.
The vertical distance between the two supply curves shows how much money the government is spending to protect Australian businesses.
What is a subsidy curve?
Telecommunications employment up from 150,000 to 170,000 (1989-96) despite job losses at Telstra.
What is deregulation?
I am a negative number, but this not such a bad thing. I became a negative in 2013 and it just keeps getting better.
What is NFE?
I build cars so well and sell around 4 million a year - one of the biggest car manufacturers in the world, until Trump comes along and sticks a 25% tariff on me (and the rest of my buddies in my friendship group).
Who is Germany?
"Any boss who sacks anyone for not turning up today is a bum.”
Who is PM Bob Hawke? After Australia won the America's Cup
At the world price, the gap between the demand and supply curves shows the volume of imports.
What is the tariff curve?
Introduction of compulsory superannuation (now 12%) in 1992.
What is Taxation reform?
I can be headline or underlying, trimmed or weighted.
What is inflation
I am pretty important to Australia's trade coming 2nd to China, they buy resources from us, we like to ski there and buy their cars too. We don't have an FTA but an economic partnership agreement instead.
Who is Japan?
Look, I’m going to shirt-front Mr. Putin … You bet I am. I am going to be saying to Mr. Putin,
Who is Tony Abbott? At a G20 meeting
The short one illustrates a trade-off of economic objectives, the long one makes the trade-off go away.
What is a Phillips Curve?
Created Australian Competition and Consumer Commission (ACCC - 1995) to administer the Australian Competition and Consumer Act 2010 to protect consumer rights and encourage competition amongst firms.
What is competition policy?
In 2024 I was US$109.5T, increased 4.2% from 2023.
What is GWP?
I have just set a new target of 62 - 70%: the opposition thinks the whole issue I am trying to fix is not real but those who are in 'the know' says policy makers are weak.
Who is Australia?