BEC Study Group October November 2013 - Page 103

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  • December 1, 2013 at 8:40 pm #484947
    guddu
    Member

    I don't understand where u r getting confused. I think you are right when you are saying, inflation causes $ value to decrease.

    Increased demand will cause increase inflation which will decrease the dollar value which means our exports will increase and imports will decrease.

    December 1, 2013 at 8:40 pm #484980
    guddu
    Member

    I don't understand where u r getting confused. I think you are right when you are saying, inflation causes $ value to decrease.

    Increased demand will cause increase inflation which will decrease the dollar value which means our exports will increase and imports will decrease.

    December 1, 2013 at 9:40 pm #484949
    Anonymous
    Inactive

    I'm confused because in times of inflation that means price is up. If price is up, that causes less exports because other countries can't afford to purchase our goods because they are expensive. it means imports are up because we can afford to buy more foreign goods and foreign countries have an advantage in the US at that time because their items are cheaper.

    But like you just said, it also means buying power has decreased, value of the currency has gone down, value of foreign currency has gone up. That means more exports and less imports.

    They contradict each other.

    December 1, 2013 at 9:40 pm #484982
    Anonymous
    Inactive

    I'm confused because in times of inflation that means price is up. If price is up, that causes less exports because other countries can't afford to purchase our goods because they are expensive. it means imports are up because we can afford to buy more foreign goods and foreign countries have an advantage in the US at that time because their items are cheaper.

    But like you just said, it also means buying power has decreased, value of the currency has gone down, value of foreign currency has gone up. That means more exports and less imports.

    They contradict each other.

    December 1, 2013 at 9:56 pm #484951
    guddu
    Member

    @clittlefield, I don't think in case of inflation, exports will be less and imports will be high.

    High inflation means your currency will weaken…. Since your currency is weaker your imports will decrease and your exports will increase would be your basic econ. So I don't understand how you get the first conclusion.

    December 1, 2013 at 9:56 pm #484984
    guddu
    Member

    @clittlefield, I don't think in case of inflation, exports will be less and imports will be high.

    High inflation means your currency will weaken…. Since your currency is weaker your imports will decrease and your exports will increase would be your basic econ. So I don't understand how you get the first conclusion.

    December 1, 2013 at 11:38 pm #484953
    Anonymous
    Inactive

    That may be what I am messing up on. During the video I understood them to say that when aggregate demand increases, price increases. Therefore, products become more expensive and exports go down because the products are expensive and other countries don't purchase as much.

    Then I understood that this is also an indication of inflation and during times of inflation purchasing power declines. Which depreciates the value of the dollar and increases exports because our dollar is weaker.

    December 1, 2013 at 11:38 pm #484986
    Anonymous
    Inactive

    That may be what I am messing up on. During the video I understood them to say that when aggregate demand increases, price increases. Therefore, products become more expensive and exports go down because the products are expensive and other countries don't purchase as much.

    Then I understood that this is also an indication of inflation and during times of inflation purchasing power declines. Which depreciates the value of the dollar and increases exports because our dollar is weaker.

    December 2, 2013 at 4:49 pm #484955
    Qlad
    Member

    feeling a bit low today….even after doing more than 2000 mcq….not able to go above 70-75%….already feeling I will fail…exam on thursday….

    FAR 72,71,81 🙂
    AUD 64,71, 72, 75 🙂 I'm done !!!
    REG 73, 74, 74, 84 🙂
    BEC 76 🙂

    December 2, 2013 at 4:49 pm #484989
    Qlad
    Member

    feeling a bit low today….even after doing more than 2000 mcq….not able to go above 70-75%….already feeling I will fail…exam on thursday….

    FAR 72,71,81 🙂
    AUD 64,71, 72, 75 🙂 I'm done !!!
    REG 73, 74, 74, 84 🙂
    BEC 76 🙂

    December 2, 2013 at 5:26 pm #484957
    stokey45
    Participant

    @ Qlad,

    I understand it is very easy to get down! I have been there and still do that!! But, keep your chin up! You still have two days! Two very important days for reviewing. I am not sure what review material you are using but I can tell you from my experience that if you are using Becker you may be okay, I usually score lower with Becker than I do on the actual exam. I know just from reading your posts that you have been working very hard for this and know that you WILL overcome these exams. Not that this helps, but I have been working on the exams for 4 years! If I pass BEC I will have taken each exam 3 times. But you know what? I will have done it and so will you!

    Keep reviewing and try to learn from your mistakes, trying to see why the correct answer is right! Remember two days is still two days! Those two days may make the difference between a 74 and a 75!

    I am testing on Wednesday! I have been to the doctors twice now battling bronchitis. Unexpected time away from my studies but I still have today and tomorrow and I am going to give it all I can! You can too! If you are scoring between 70-75 then you are REALLY close. Don't get discouraged now!! Good Luck

    December 2, 2013 at 5:26 pm #484991
    stokey45
    Participant

    @ Qlad,

    I understand it is very easy to get down! I have been there and still do that!! But, keep your chin up! You still have two days! Two very important days for reviewing. I am not sure what review material you are using but I can tell you from my experience that if you are using Becker you may be okay, I usually score lower with Becker than I do on the actual exam. I know just from reading your posts that you have been working very hard for this and know that you WILL overcome these exams. Not that this helps, but I have been working on the exams for 4 years! If I pass BEC I will have taken each exam 3 times. But you know what? I will have done it and so will you!

    Keep reviewing and try to learn from your mistakes, trying to see why the correct answer is right! Remember two days is still two days! Those two days may make the difference between a 74 and a 75!

    I am testing on Wednesday! I have been to the doctors twice now battling bronchitis. Unexpected time away from my studies but I still have today and tomorrow and I am going to give it all I can! You can too! If you are scoring between 70-75 then you are REALLY close. Don't get discouraged now!! Good Luck

    December 2, 2013 at 7:29 pm #484960
    jeff
    Keymaster

    I unsticked these so I'm giving it one last bump so the December people could find it.

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    December 2, 2013 at 7:29 pm #484994
    jeff
    Keymaster

    I unsticked these so I'm giving it one last bump so the December people could find it.

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    December 2, 2013 at 7:57 pm #484962
    Qlad
    Member

    love your post stokey….can never thank u enough…I really hope to pass this one …to keep my chin up…it's a shame when people ask me if I passed…

    FAR 72,71,81 🙂
    AUD 64,71, 72, 75 🙂 I'm done !!!
    REG 73, 74, 74, 84 🙂
    BEC 76 🙂

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