Question 5 5.1. What are the major components of expenditure which make up aggregate demand for goods and services? Which of these can be manipulated by fiscal policy? Which of these can be manipulated by monetary policy? 5.2. The current federal government's budget is in deficit. What role do automatic stabilisers play in this result? 5.3. The current unemployment rate is estimated to be approximately 6% and the natural rate of unemployment is estimated to be approximately 5%. From the perspective of a Keynesian income-expenditure model of the economy, what should be the government's fiscal policy stance? Use a diagram to illustrate your