The five most important variables that determine the level of consumption and total spending in an economy are current disposable income, household wealth, expected future income, the price level, the interest rate.

During the COVID19 pandemic, Australia used several macroeconomic strategies such as the Jobkeeper transfer, Jobmaker transfer, early access to part of superannuation, cuts in interest rates and housing sector stimulus to stabilize the economy. Discussed the expected effect of the Australian government's COVID spending strategies on each variables above and therefore aggregate expenditure in Australia (or country of your choice). Do you expect the strategy to minimize the impact of COVlD19? lf yes why? lf no why?