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Category > Economics Posted 17 May 2017 My Price 5.00

Australia is heading

 

1       Some economists hold the views that Australia is heading to a recession (for such a view, read here http://www.abc.net.au/news/2016-07-29/australia-headed-for-recession-next-year,-professor-keen-says/7674154

One such scenario may come from a crash in the Australian housing market. Keeping in mind of the Aggregate Demand and Supply (AD-AS) framework, elaborate how such a shock may affect the Australian economy. Also, discuss what policy instruments the government have in response, and how they work in practice?

 

The summary should be at least half a page in length ( please do not write in the form of the bullet points). Showing the effects in AD-AS is not required. Attaching a list of references is preferred but not required. Please do not copy and paste from whatever you found on the web. 

Answers

SuperTutor
(15)
Status NEW Posted 17 May 2017 04:05 AM My Price 5.00

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