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Question 6 (7 marks) Use one (1) example of Expansionary Fiscal Policy in Australia. Who is responsible for implementing fiscal policy? 2 marks What may

Question 6 (7 marks)

  1. Use one (1) example of Expansionary Fiscal Policy in Australia. Who is responsible for implementing fiscal policy? 2 marks
  2. What may be adjusted to implement the policy? 2 marks
  3. According to studies, fiscal policy can be slow to react to economic situations. Identify and discuss one reason why this may occur 3 marks

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