https://www.abs.gov.au/statistics/economyational-accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release

Instructions Use the attached Statement on Monetary Policy February 2024 Overview by the Reserve Bank of Australia for economic growth in Australia to write a brief on the current macroeconomic situation in Australia. Firstly, your brief should assess the key Macroeconomic Variables and the relevant factors that influence them. Secondly, you should apply the key Macroeconomic Variables to the AD/AS Model to determine which phase the Australian economy is in. Conclude your brief by commenting on the key Macroeconomic Indicators and what these imply for the current state of the Australian macroeconomy. Muocroeconomic Indicators Macroeconomic Variables | AD/AS Model Mominal and Real GDP Growth Unemployment C LG XM Inflation Your brief should be no more than 1,200 words, excluding references, and should be structured as follows: oo s W M Overview The Key Macroeconomic Variables The 'AD/AS Model' (including diagram/s) The Key Macroeconomic Indicators Conclusion References