27. Draw AD-AS diagram of the Australian economy at long-run equilibrium. Use the diagram to illustrate your answers to the questions below. a. Describe the variables in the economy. State the type of unemployment rate that exists. b. The government has increased its purchases of goods and services. Is this action discretionary fiscal policy or an automatic stabiliser? Explain. Describe the likely impact on the unemployment rate and ination rate? c. Describe the type of monetary policy the RBA would implement to overcome the impact you identified in part (b). In your answer refer to the monetary policy transmission process. d. Explain the long-run impact of the RBA's monetary policy on real GDP, ination rate, and unemployment rate