Question
COVID 19 has severely affected the world's economy. Explain the impact on the Australian economy in 2020/2021, using the following concepts (HINT: Please use these
COVID 19 has severely affected the world's economy. Explain the impact on the Australian economy in 2020/2021, using the following concepts
(HINT: Please use these terms to answer the essay, not just a definition, refer to the Australian Bureau of Statistics for factual information).
- Inflation
- Gross domestic product
- Business cycle
- Participation rate
- Cash rate
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
