This task is to be completed in-class during the weeks indicatedNB: Only Economic Data is permitted...

Question

This task is to be completed in-class during the weeks indicated
NB: Only Economic Data is permitted not notes.
Weighting: 10%
Length: 500 words maximum.
Tasks:

Analyse the effectiveness of government economic policy used to manage one or more of the following:

Economic Growth
Price Stability
Full Employment
Global Economic/Financial Crisis

Support your argument with recent economic data on objectives and policies.

Your investigation must cover ALL of the following aspects:

Outline the main problems/achievements Australia has experienced with this economic objective or with the economic crisis.

Select two specific policies [from the list below] used by the federal government to manage the economic objective/ crisis you selected. (These will comprise your policy mix.) For each of these two policies:

Explain in some detail the policy change that has been used by the government recently.
Clearly explain how the policy should operate to affect the economic objective/crisis.
Briefly discuss one strength and one weakness of the policy.

Using statistics and other evidence, evaluate the overall success of the government’s economic policy mix in the area that you selected.

What additional government economic policy changes would you recommend? Give a reason for such a recommendation.

Government Economic Policies
Choose only two (2) of the following:

Interest rate changes made by the Reserve Bank of Australia
Fiscal policy and the federal budget surplus/deficit
Taxation changes and/or tax reforms
Privatisation

Reform of tariffs and pro

005_16emazo-qm0wa3q3.doc 005_paimazo-y2u5g4iw.docx

David · Accepted Answer

Interest rate changes made by the Reserve Bank of Australia: 
 As per last update on May-1
st
 2017 RBA was hold its historical low interest rate 
which is moved in last year August month. In the August month Inflation was decline by the 
100 BPS so that interest rate was declined but afterward inflation has increased by RBA want 
to status quo on its all time historical low interest rate for the nation. Due to these steps, 
money would be able available in the market and system, so that Global growth and overall 
economic growth would done for the Australia. The RBA was not excessively inspired for the 
lethargic nature of key financial drivers like as investment in a business, household 
consumption and wages growth. However debt for the banks would also increase after this 
policy and household debt would be increased due to this. But overall industrialization and 
money would available for the industry growth for Australia and it would be beneficial for 
the Australia.

This task is to be completed in-class during the weeks indicated NB: Only Economic Data is permitted not notes. Weighting: 10% Length : 500 words maximum. Tasks : Analyse the effectiveness of...

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