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Q) JobKeeper Payment was a subsidy scheme designated to help businesses affected by the COVID-19 pandemic. Use the supply and demand of loanable funds to
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JobKeeper Payment was a subsidy scheme designated to help businesses affected by the COVID-19 pandemic. Use the supply and demand of loanable funds to discuss how the JobKeeper scheme could affect the equilibrium interest rate.
Assuming that Australia is a closed economy, how could the JobKeeper scheme affect private, public and national savings while assuming national income and household consumption remain constant?
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