Question
Discuss and explain how the new budget by Josh Fryndenberg on the 6 October 2020,hasthis new budget effectivelyincluded the strategy of using complementary fiscal policy,
Discuss and explain how the new budget by Josh Fryndenberg on the 6 October 2020,hasthis new budget effectivelyincluded the strategy of using complementary fiscal policy, supply side policy? How would this support Australianeconomy in the long run and help recover the economy from the recession due to COVID 19? Justify your answer with reasons and evidence by using several references, then DISCUSS the effect of low interest rate supply of credit, on household consumption, business investment, employment, exports, inflation and housing market. Note: Use GDP, inflation, unemployment, fiscal deficit, and housing market data, which can be obtained from the Australian Bureau of Statistic and RBA websites for the last 2 years trends, when answering the question.
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