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The government of Australia has embarked on various policies in order to reduce the severity of COVID 19 on the economy. i.Has COVID 19 caused

The government of Australia has embarked on various policies in order to reduce the severity of COVID 19 on the economy.

i.Has COVID 19 caused economic expansion or a recession? Explain your answer using at least two economic effects on the economy of Australia. (2 Marks)

ANSWER:

ii.Examine the effects of the fiscal policy instruments that the government of Australia has adopted on the economy. (9 Marks)

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