1) Monetary policy response to the Coronavirus crisis in Australia can be expected to

Select one:

a.slow down aggregate demand growth

b.cause, ceteris paribus, Australian dollar to appreciate

c.all answers are correct

d.prevent, among other things, large increase in unemployment

2) Which of the following would be considered a fiscal policy action?

Select one:

a.Australian Taxation Office ramping up auditing to catch income tax evaders

b.An income tax increase to slow down the growth in aggregate demand

c.All answers are correct

d.NSW state government subsidy to wind farms

3) Select one:

a.can serve as a medium of exchange, but not as a store of value.

b.is the primary reason why some economies experience deflation

c.none of the answers is correct

d.is the term that originated in Italy to denote banknotes convertible into gold.

4) After a decrease in the interest rate we can expect to see

Select one:

a.a decrease in net exports.

b.a decrease in investment spending.

c.an increase in consumption spending.

d.a decrease in government spending.