Coming down to Earth: The economy's not as strong as we've been led to believe"Ross Gittins, Sydney Morning Herald, June 3, 2022.

Given the above statement: Your manager has asked you firstly, assess the key Macroeconomic Variables and their relevant factors, and then secondly, apply them (the key macroeconomic variables) to the AD/AS Model to determine which phase the Australian economy is in, and then finally comment on the key macroeconomic indicators.