Economics Unit 4: AOS1 help

[jameshird12]

A little bit of holiday homework which I am struggling with so any help would be greatly appreciated. The questions are a part of a work booklet and these questions have got me stumped.

Explain how structural and cyclical factors have influenced the Australian budget? Use examples to explain your answer. 2+2=4m

Explain how the recent budgetary/fiscal policy has influenced the objective of efficient resource allocation. (use examples to justify your answer). 4m

Explain how the reserve bank of Australia implements monetary policy? 4m

Suppose Australia was faced with a labour force at full capacity and a dramatic fall in auction clearance rates. Explain how this environment might influence the reserve bank of Australia’s monetary policy settings. 4m

Explain how the implementation of a expansionary monetary policy may affect the achievement of [any of the 6 objectives]. 3+3=6m

Evaluate the extent to which the recent budgetary policy has supported monetary policy in the pursuit of price stability in Australia. 6m

What impact is [two different factors affecting macroeconomic policy (e.g. business investment)] having on the current Australian macroeconomic policy stance? 6m

How have the RBA and the Australian government attempted to achieve the goal of external stability? How effective have they been at achieving this goal? 6m

Thanks.

[cardiovascular]

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