This task is to be completed in-class during the weeks indicatedNB: 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 PoliciesChoose 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 PrivatisationReform of tariffs and pro

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...

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

Answered Same DayDec 26, 2021

Answer To: This task is to be completed in-class during the weeks indicated NB: Only Economic Data is permitted...

David answered on Dec 26 2021

102 Votes

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. Due to low interest rate people of...

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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...

Answer To: This task is to be completed in-class during the weeks indicated NB: Only Economic Data is permitted...

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