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Role Of Government In Mixed Economies Such As Australia
Beginning of paper
What role do governments have in modern mixed economies such as Australia? Using
appropriate indicators (macro economic aggregates) outline the present state of
the economy. In what ways is the Commonwealth government using fiscal and
monetary policies to influence the Australian economy? What are the main
features of the government's micro econo ....
Middle of paper
.... a fall in domestic spending which lead to a slight rise in
national savings. Inflation remained low and fell between the RBA's 2-3% target.
This gave way to the RBA's 3 consecutive drops in interest rates to stimulate
the economy. Economic growth has stabilised between 3-4%. Although this is a
reasonable figure, a higher growth rate is required if.... |
| Word count: 1711 |
Page count: 7 |
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