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Question 1. Australian economy like many other economies in the world has faced many macro-economic changes recently such as high inflation and lower unemployment. What are the reasons for these changes, discuss and explain a minimum of three reasons?
Question 2. What steps the Australian government is taking or recently have taken to help/ support the people affected by these changes in the economy.
Question 3. Discuss how monetary policy and fiscal policy have been used in 2021/2022 to control the recession caused by Covid-19.
Choose all that apply. Imagine an economy of 10 individuals. Their annual incomes are reported below. Imagine that $100 of Oprah’s income is transferred to Anna. What is true? John - $1000 Kitty - $800 Walter - $200 Steve - $500 Samuel - $800 Bob - $..
In many developing countries, government regulations and red tape impose high costs on those who officially register capital ownership. The dead capital problem that these government inefficiencies create reduces investment and growth.
Why is the private market for public goods typically characterized by under provision. Under what situations will we expect the private market to overcome this problem?
Jairam Sukhram wants to borrow $400,000 in a residential mortgage from the Bank of Northwestern Ontario so that he can buy a condo in Leslieville.
Provide an example where we see the substitution of labor for capital in agribusiness or business
With the help of an example explain the difference between accounting and economic profit.
Cartman and Kyle are castaways on an island and spend their days picking papayas and mangos. Cartman has a comparative advantage in picking papayas. Kyle has a comparative advantage in picking mangos. Use the infinite line tool to draw the linear pro..
q1. what are the advantages and disadvantages of austerity?q2. the government announces that it will privatize the main
An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.
Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets.
In an industry characterized by extensive economies of scale:
Draw simple labor supply and demand graphs for the occupations of school teachers and plumbers to show the labor market in each profession. Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. Wi..
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