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The outbreak of the coronavirus (COVID-19) is Australia created uncertain circumstances for households, business and governments. Explain what type of: 1) Monetary Policy 2) Fiscal

The outbreak of the coronavirus (COVID-19) is Australia created uncertain circumstances for households, business and governments. Explain what type of:

1) Monetary Policy

2) Fiscal Policy

Should be implemented when the economy is in a recession.

Question 2 List the three time lags that policy makers face when implementing monetary and fiscal policy?

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