Help with Question 1,2,3

organised in a logical and coherent manner. Question 1: List and explain the key macro-economic goals, and provide an overview of the Australian economy in current COVID-19 global pandemic? Discuss with tables and graphs the main macroeconomic indicators for the Australian economy. (i) conduct research on the current trend in economic growth, GDP, inflation rate, unemployment rate, exchange rate, government debt and other macroeconomic indicators using multiple sources. (ii) Define and draw the four stage of business cycle and explain when expansionary or contractionary fiscal and monetary policies are applied. Question 2: Explain the three main objectives of the monetary policy. List and describe the main functions of the Reserve Bank of Australia. Discuss the limitations of the monetary policy to stabilise the economy. Question 3: In response to disruptive COVID-19 economic and financial impact, in March 2020, the Governor of the RBA, Dr Philip Lowe, decided to cut official cash rate twice from 0.75% to historical low of 0.25%, with inflation within the target rate at 2.2%, unemployment at 6.2 % , GDP growth1.4% and slow growth in housing loans. Explain why the RBA dropped the official cash rate to 0.25%. Justify your answer with reasons and evidence. Note: Information is available in the monthly minutes of RBA. https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/