Using the dynamic aggregate demand and aggregate supply model,
illustrate and explain the impact of following policy decisions on
income, unemployment and inflation in Australia in both short-run
and long-run (using a diagram)
question
The building and construction industry in Australia is suffering
from some logistical issues with imported construction materials as
a fallout of the COVID-19 pandemic. The Reserve Bank of Australia
(RBA) is closely watching the situation and contemplating a
suitable policy action. Explain and illustrate what policy stance
should the RBA take and how would that remedy the problem.
Using the dynamic aggregate demand and aggregate supply model, illustrate and explain the impact of following policy dec
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