Explain the monetary and fiscal policy

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Task 1 : Using the model of aggregate demand and aggregate supply explain how the lock down during 2020 and 2021 were pushed the economy on the verge of crisis? Consider Australian economy for this task.

Task 2 : Explain the monetary and fiscal policy adopted by RBA and Australian federal government during 2020 and 2021. Explain the effect of the policy in details.

Task 3: Explain the market structure of the global crude oil market. Explain the role of OPEC in manipulating crude oil price. Explain how Australia can reduce the dependency on the crude oil and why its important for Australia to consider this strategy.

Reference no: EM133372702

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