Qus1) Assume that an economy is initially operating at the natural rate of output (full employment output). Use the AD-AS model to illustrate graphically the effects on price and output of an increase in government spending and a decrease in the cash rate. Explain your assumptions with respect to the range of aggregate supply of your analysis.

Note: NEED A GRAPHICAL REPRESENTATION ON THIS QUESTION

Qus2) Using the World Bank's World Development Indicators database,

https://databank.worldbank.org/home.aspx,

a) Complete the following table.

	2000	2006	2012	2018
GDP per Capita (Current)
Australia
China
India
U.S.
GDP Growth rate
Australia
China
India
U.S.
Inflation rate
Australia
China
India
U.S.

b) Produce a plot for each variable (GDP, gdp growth, inflation) comparing the four countries.

c) What can be inferred with respect to economic growth and price control in each of these economies?