Professor Junankar says it is too early to predict in detail how the COVID-19 crisis will affect Australia's economy. He has serious doubts about some aspects of the rescue packagebut not its size. The professor has three main concerns about the spending. The first is the delays: many payments are still a month off. "The most important factor in the Rudd [stimulus] was that it was immediate," he says. "They paid out $900 to everyone straight away. Why are we waiting? This should have happened a month ago, before lots of businesses closed down and lots of people lost their jobs."

The second problem, according to Professor Junankar, is the decision to target businesses rather than individuals. He says the worst-affected industries rely heavily on casual labour, especially young people and women, who will not receive some of the aid targeting workers.

His third concern is the lack of a "grand investment" to improve the national economy. Professor Junankar cites the Rudd government's decision to build school infrastructure and improve home insulation, which had lasting benefits. "This is an opportunitywe can use it to invest in something we need, something useful like green technologies and renewable resources," he says.

But despite his scepticism, he says the stimulus measures will be very helpful for some sectors of the economy.

1. Discuss and critically evaluate the above statements put forward by Professor Junankar. Use the statements as a starting point to analyse the fiscal and monetary policies employed in 2020 and how they will influence Australia's economic growth amongst the Coronavirus-induced economic fallout? Note:You do not need to cover all policies. Select at least one example from both fiscal policy and monetary policy. You may select more if appropriate.

I would appreciate any help with this. bullet points of what I need to discuss or details about topics that I should discuss just anything to help me setup my writing. I also need help figuring out which fiscal and monetary policy I should bring up.