The period between late 2008 and 2010 has often been associated with Australia's response to the Global Financial Crisis (GFC). First, consider the period mid-2006 to mid-2008 which led up to Australia's response. What was happening in the economy at this time to produce this result? Next, consider the period from mid-2008 to end-2009 over which much of Australia's response to the GFC was implemented. What was happening in the economy to produce this result? (5 marks)