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The Australia Federal Government established a AUD 2 billion grant to help sectors affected by the bushfires to get the support they needed to recover.
The Australia Federal Government established a AUD 2 billion grant to help sectors affected by the bushfires to get the support they needed to recover. Use the Aggregate Demand and Aggregate Supply Model below to answer the questions that follow. ASS 130 E2 120 DD , 110 Price Level (CPI E1 - DDo 100 DD , 90 10 20 30 40 50 60 70 Real COP (AUD billions per year) i. Using the Aggregate Demand and Aggregate Supply Model did the 2019/20 cause economic expansion or economic contraction in Australia. Name at least three sectors that were affected by the bushfires and examine the impact of the bush fires to the economy of Australia. 5 marks ANSWER: ii. Employ the Aggregate Demand and Aggregate Supply Model to explain the benefits of the Australia government AUD2 billion grant to the economy. 2 marks
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