https://thenewdaily.com.au/finance/finance-news/2020/06/11/gambling-consumer-spending/

1.Draw an AS-AD diagram for Australia's economy, showing an initial long run equilibrium. (1 mark)

2.Explain the impact of the weak consumer spending on output and inflation in the short-run, including showing this on your AS-AD diagram. (4 marks)

3.Use a new diagram to help explain what happens to output and inflation in Australia in the short run when federal government introduces a fiscal stimulus package. (3 marks)

4.Describe some of the policy recommendations to help the economy recover from the pandemic in the article? (2 marks)