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Andrew is very excited about his upcoming 80th birthday party. He is particularly excited as he has arranged for a boat party with What-A-View Cruises. According to What-A-View Cruises' advertisements, highlights of their cruises include 360-degree uninterrupted close views of the Sydney Harbour Bridge and the iconic Opera House. They go on to say: 'Enjoy plenty of photo opportunities of the Sydney Harbour Bridge and Opera House'. Andrew has not been for a harbour cruise since his university days, and has fond memories of these cruises, and hence his excitement. In booking the cruise by telephone, Andrew communicates his excitement to the staff member taking the booking and tells her how he cannot wait to snap photographs with his family, with the Sydney Harbour Bridge and Opera House backdrop, and to compile these photos into a slide show for the whole family to enjoy in the future. The staff member comments: 'yes, it is all very picturesque. On the day of the cruise, Andrew is heartbroken. The cruise was very distant from the Sydney Harbour Bridge and the Opera House. He could only see very far glimpses of both, if at all. Both landmarks were definitely not apparent in the photographs taken, given how far they were. Use legislation (and any relevant case law) to answer question 1. Do not use common law and/or equitable principles.
Problem 1. Did What-A-View Cruises breach section 18 of the Australian Consumer Law?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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