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April 27, 2024, 06:13:55 pm

Author Topic: Stimulus Package  (Read 636 times)  Share 

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Keyzer

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Stimulus Package
« on: November 05, 2009, 06:01:27 pm »
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Well exam is tomorrow and I have a gut feeling that there will be a question on if the stimulus package is working. What are you opinions of how the stimulus has affected the economy?

kelep

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Re: Stimulus Package
« Reply #1 on: November 05, 2009, 09:33:48 pm »
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I'd say the stimulus package has worked well.
 The only western nation to avoid a technical recession. It has helped australia keep a 1.3% rate of economic growth and has managed to keep the level of unemployment fairly low.
Through the budget, the national building fund has created jobs assisting to keep unemployment low.

If you are given a question about the stimulus package, it will most likely be a 'policy mix' question.
They will probably ask something like this.
'How has the stimulus package along with monetary policy affected australia's economy etc etc