"With the lockdowns still in place, then, Frydenberg said he expects the September quarter to register acontraction of "at least 2 percent". And recent unemployment figures only seem to confirm that acontraction of this magnitude will materialise, with hundreds of thousands of people losing work in recentmonths, many of whom have dropped out of the iob market altogetherUse the dynamic aggregate demand and aggregate supply model to explain the economic situation and theeffects of the fiscal policy stance that is mentioned in the statement above.