Section B. Short Written Answers. [34 marks] [There are three (3) main questions to be answered using well-labelled, hand-drawn diagrams, with accuracy and sufficient explanations.] Q1 – Modules L3 and L4. Aggregate Demand and Fiscal Policy in Recessionary Times [Suggested word count for Q1: 400 to 500 words or less] Australia has been in recession during the first half of 2020 as the pandemic led to a substantial reduction in production and household spending, according to this article: https://www.theguardian.com/business/grogonomics/2020/sep/02/australians-needs-government-support-to-get-out-of-this-recession-winding-it-back-is-not-an-option In response, fisca
Section B. Short Written Answers. [34 marks] [There are three (3) main questions to be answered using well-labelled, hand-drawn diagrams, with accuracy and sufficient explanations.] Q1 – Modules L3 and L4. Aggregate Demand and Fiscal Policy in Recessionary Times [Suggested word count for Q1: 400 to 500 words or less] Australia has been in recession […]