Given the above statement:Your manager has asked you to use the key Macroeconomic Variables and...

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Given the above statement:Your manager has asked you to use the key Macroeconomic Variables and their relevant factors,apply them to the AD/AS Model to assess which phase the Australian economy is in, and thencomment on the key macroeconomic indicators.==Write an individual memo of about 500 words (2 pages excluding the reference list) to brief yourmanager on the current Australian economy, including the AD/AS Model (2 pages, excluding thereference list, font size 12 with 1.5 line spacing). The memo should include four sections (headings)namely ‘Overview’, ‘Content’, ‘the Model’ and the ‘conclusion’. Referencing and citation areessential.

Payal · Accepted Answer

77599
1.OVERVIEW
The Australian economy is currently experiencing progress considering the fact that most of restriction imposed due to pandemic has already been lifted which in turn is contributing to various economic activities. In this analysis we will be looking at the various macroeconomic variables of the Australian economy and will try to analyse them incorporating the AD/AS Model.
2.CONTENT
2.1 MACROECONOMIC VARIABLES- CURRENT SCENARIO
The Australian economy has experienced an uneven recovery across various parts, regions and the industries primarily owing to varied impacts of restrictions in different regions. In Victoria there is an interstate divergence in terms of consumer sentiments and various labour market outcomes. [1] In terms of industries the activities like tourism and hospitality is still struggling to survive and attract customers but on the other hand the mining and manufacturing sector has rebounded strongly. Smaller firms have also experienced larger job losses and declines in sales.
Though there has been recovery in the employment rate due to the various policy measures initiated by the Government, however, the private sector remains weak in boosting up the employment rate in the country.
2.2 GOVERNMENT MEASURES
In order to boost economic activity,

Given the above statement: Your manager has asked you to use the key Macroeconomic Variables and their relevant factors, apply them to the AD/AS Model to assess which phase the Australian economy is...

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