Question
- Why is this an economic concern? Reducing cost of living pressures. Some suggested types of policy interventions for addressing this goal include introducing or
- Why is this an economic concern?
Reducing cost of living pressures. Some suggested types of policy interventions for addressing this goal include introducing or removing price controls, increasing, or decreasing protectionist trade policies, industry deregulation, changing taxes or changing monetary policy.
- Articulate the type of economic problem(s) and concepts with which it is associated and hence why economists might advocate government intervention to address it.
- Following on from that explanation and contextualisation of your chosen goal as an economic concern, build an economic argument to support a particular policy intervention as a feasible and effective way for the Australian government to address this chosen goal.
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