Instructions Use the above forecast by the Reserve Bank of Australia for economic growth in Australia to write a brief on the current macroeconomic situation in Australia. Your brief should firstly, 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. Macroeconomic Indicators Macroeconomic Nominal and Real GDP Growth Variables AD/AS Model C, I, G, X, M Unemployment Inflation