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b. In what ways does the federal budget serve as an automatic stabiliser for the economy? [4 marks] c. During the recent sluggish economic growth,
b. In what ways does the federal budget serve as an automatic stabiliser for the economy? [4 marks] c. During the recent sluggish economic growth, why will the Australian government budget likely move into deficit? [4 marks] d. What is the difference between the Australian budget deficit and government debt? [4 marks] e. Is the rising government debt bad for the Australian economy? [4 marks]
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