Q1 - The fiscal policy response to the pandemic-led recession in Australia using the multiplier AD model Australia, alongside other capitalist economies, was thrusted into a pandemic-led "household recession" during the first half of 2020, but the economy has since recovered - for now. Consider the fiscal stimulus responses by the Federal government where the Australian economy averted a prolonged recession, as pointed out in these articles (listed in chronological order): Hutchens, Gareth, Stephanie Chalmers and Michael Jande (2021) 'GDP figures show economy shrank in 2020 but grew 3.1 per cent in December quarter, ABC News, March 18th, available: https:/wwwww.abc.net.awews/2021-03-03/gdp-december-quarter-2021/13210412 Hutchens, Gareth (2021) 'NSW has a plan to reopen after COVID lockdown, but will Australia's economy bounce back this time?', ABC News, September 9th, available: http:://www.abc.net.awews/2021-09-09/will-the-economy-bounce-back-strongly-from-these-lockdowns/100443392 Khadem, Nassim (2022) 'Some loved it, others hated it. Either way. the $25,000 HomeBuilder grant was "life-changing", ABC News, January 8th, available: http::/www.abc.net awews/2022-01-07/homebuilder-grant-housing-construction-economy-covid-support/100742970 Use the multiplier AD model diagram to illustrate and explain in detail how the economy shifted out of a "household recession" to a recovery by the end of 2021. In your diagram, begin the Australian economy in the first half of 2020, during the height of the global pandemic. In your answer, explain the multiplier process, and assume the size of the multiplier is 1.8. [400 or so words is the suggested amount for Q1] 8 marks for quality of analysis, Including diagram Apply key economic concepts taught in Modules L3 and L4 in ECON1000 $2 2022, and refer to key sentences and ideas from the salient articles to support your analysis - where relevant