The government of Australia has embarked on various policies in order to reduce the severity of COVID 19 on the economy.    i.Has COVID 19 caused economic expansion or a recession? Explain your answer using at least two economic effects on the economy of Australia. ii. Examine the effects of the fiscal policy instruments that the government of Australia has adopted on the economy

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter1: Exploring The World Of Business And Economics
Section1.5: The Business Cycle
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The government of Australia has embarked on various policies in order to reduce the severity of COVID 19 on the economy. 

 

i.Has COVID 19 caused economic expansion or a recession? Explain your answer using at least two economic effects on the economy of Australia.

ii. Examine the effects of the fiscal policy instruments that the government of Australia has adopted on the economy

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