Explain how the policy measures documented in the budget

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Question: Now refer to the following budget speech by the Treasurer, Mr. Jim Chalmers.

Based on your understanding of the Aggregate Expenditure model, explain how the policy measures documented in the budget would affect the Australian economy in the short-run. Provide adequate illustration of the Aggregate Expenditure model and show how the budgetary actions would impact the economy. [Note: you do not need to use actual figures from the budget in answering this question.

 

Reference no: EM133454300

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