Question 4 (10 points) (i) Real GDP is currently beyond full-employment level and as aggregate demand continues to rise, explain the appropriate discretionary fiscal policy response that can be used to restore full-employment equilibrium. (4 marks) (ii) "As the economy contracts and expands, the in-built features of the federal budget will automatically impact the federal government final budget outcome". Explain (3 marks) (iii) You were reading a news article that stated the unemployment rate fell by 0.2 percent which took you by surprise given the effects COVID-19 has had on the labour market. As you continued to read the news article, it stated that the labour force participation rate has decreased by 0.4. Is this positive news for the economy? Explain