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(35 marks ) Read in below article ipt and res task Delow Il. Coronavirus stimulus package worth $84 billion passed without objection Parliament ABC News,

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(35 marks ) Read in below article ipt and res task Delow Il. Coronavirus stimulus package worth $84 billion passed without objection Parliament ABC News, 23 March 2020 https://www.abc.net.auews/2020-03-23/coronavirus-economic-stimulus- passes-parliament/12080388 The Federal Parliament has rushed through $84 billion in financial support f workers, students and businesses affected by the coronavirus outbreak, befo wrapping up for a five-month-long break. A bare minimum of MPs and Senators came to Canberra for a single day to vo on legislation for the Government's two rounds of stimulus measures. The bills were passed late Monday night without objection in both the Hou of Representatives and the Senate after some amendments were made. "The measures that have been passed by the Parliament today represent t most significant support for the Australian economy and community since th war," said Treasurer Josh Frydenberg. "There is much to do for this country in the weeks and months ahead, b working together, we can support the Australian community at their mome of need." Labor frontbencher Tony Burke said the Parliament's co-operation "has been good example today of the Parliament at its best, working at a time when t nation is facing some of its worst". The legislation supports both the first coronavirus economic stimulus packag worth $17.6 billion, and the $66 billion in direct financial support announce in the second package on the weekend. It also includes a raft of other measures to support the economy more broad as well as giving the Government flexibility to respond to changi circumstances without needing further legislation. Task: Discuss the advantages and potential problems of conducting discretionary fisd policy such as this. Criteria: 1. Accurate explanation of the current economic situation that necessitates t policy response (11 marks) 2. Discussion of a number of advantages of the policy (11 marks)

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