Recent content by channie

hi im not sure how to answer this question: i have to write a report on the current macroeconomic policies in australia and analyse and give recommendations on whether they are suitable for economic growth, unemployment, inflation and trade over the next year. i dont get how to answer...

okay, so what would happen if it was just resource prices that increased in australia?

What does everyone expect to happen to the business cycle next year????

thanks for your help! :) it more understandable now so if i was drawing a graph for it, I would aggregate demand making a leftward shift on the graph to demonstrate it?

im stuck, what effect does an increase in resource prices (that will affect most sectors of the aus economy) have on aggregate demand, the price level and GDP in Aus?