A.Elaborate on the different ways in which Australian households (more vs. less credit-constrained) have responded to the government stabilisation policies.[6 marks]

Read these articles to answer the above question:

https://www.theguardian.com/australia-news/2020/jul/21/jobseeker-payment-economists-on-why-its-dangerous-to-cut-covid-19-welfare-subsidy

https://www.abc.net.au/news/2020-10-06/why-people-spend-save-stimulus-tax-cut-coronavirus-budget/12698520