ACBUS108A Applied Economics: Economic Measures

ACBUS108A Applied Economics: Economic Measures

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

ACBUS108A Applied Economics

Questions:

Major economies around the globe are under siege and in danger of better crippled – if urgent economic measures are not taken.

The Australian Government, like many other major Governments have made several recent announcements in regards of combatting and attempting to reverse this looming “economic tsunami”. Some economic commentators have moved past uttering the ‘R word’ (recession) in columns, and moved onto the ‘D word’ (depression). The actions and size of the economic packages have been urgent and ‘emergency measures.’  It is in time like these (just like the GFC in 2008), that Governments fall back on an old favourite economic theory:  “Keynesian theory”. 2

Keynesian theories – in general: argued that the key to providing economic stability was through the control of ‘aggregate demand’, and this necessitated a larger and growing role for governments in the economy in cases of inadequate aggregate demand.

It will be of no surprise that John M. Keyne’s theories came to prevalence and became popular in the mid 1930’s; right during or at the end of “The Great Depression”. He was most influential and created a whole school of economic thought, called ‘Keynesians’. 3

The dramatic nature of “The Great Depression’ and the severe hardships endured (like 25-30% unemployment), caused an economic re-think. In short, the market left to it’s own devices had failed! In these times, it was “market failure”.

Keynes argued in his famous work, that the Government should use fiscal and monetary policy measures to actively ward off recessions. He argued for a bigger role of government than had previously been put forward. He created the notion of ‘aggregate demand’ (the sum of consumption + investment + net government spending + net exports), and argued it was the Government’s job to stimulate the aggregate demand in periods of sluggish economic growth. That is, when private investment spending “I”, and also consumption spending “C”, drop off and are depressed during economic downturns; it should be replaced with Government investment spending “G component”.

Keynes felt that the “laissez-faire” approach of simply waiting for the economy to tend towards full employment would take far too long. Many Keynesians disputed the natural tendency of the economy to move towards full employment (and higher economic growth) at all. Keynes famously stated that: “in the long run, we are all dead”. Keynes stated that high unemployment (and depressed economic growth) was a result of market failure and a deficiency in aggregate demand. He felt that the Government could rectify this by intervening and using expansionary fiscal policy to stimulate demand; hire workers on public projects, reduce unemployment and create economic activity again. Most Keynesians agree that an active ‘stabilisation approach’ to monetary & fiscal policies, can help smooth out the fluctuations in the business cycle and reduce the severity of recessions.

Keynes is also responsible for the theory of the ‘multiplier’, which works with fiscal stimulus. That is why he felt that an increase in Government investment spending would be successful in stimulating the economy – because of the multiplied effect this spending would have on the economy.This background to economic history is provided to give a comparison & parallel with the current economic situation. No two economic slumps or recessions are exactly the same; although the economic theories are still relevant. It is how you implement them!

To answer and complete the following ‘Case Study Questions’ conduct research on the “COVID-19 fiscal stimulus packages” announced, as well as researching well regarded economic websites (eg. Treasury department; ABS, RBA, ASX & any others). (There is some good information available). 

Ensure that you link & relate your responses/answers to the case study questions below, to the relevant theory from the textbook and your topics; as well as any other sources of material provided on Moodle or by your teachers. Do not just quote or paraphrase what has happened, or from reports you discover from your research. This will not get you enough marks. You need to link, relate & support your answers with relevant & valid theory.

In addition, use the Case Study introduction above (from history), as well as the diagram summary above (COVID-19 Incentives), to address and respond to the following questions:

1.    What economic measures (in general summary form) has the Government undertaken?   (10 marks)

2.    Why do you believe the Government has had to action, compile and enact such large fiscal stimulus packages?                        

3.    What has the RBA done in regards of monetary policy? What effect do you believe this will have on the overall economy, given recent interest rate moves? 

4.    Has the Government targeted certain groups or demographics in these fiscal stimulus package measures?  Why do you believe the Government has targeted these particular groups?

5.    What other key macro-economic factors do you believe could be utilised in these packages; or would be ‘important elements’ within this fiscal strategy to be successful?

6.    What possible obstacles could the fiscal strategy encounter, that will decrease or weaken it’s effectiveness? (NOT DIRECT HEALTH FACTORS).

7.    What are the consequences of such a large fiscal stimulus packages? Are they short-lived and easily corrected; or are they more likely to have long-term effects?

8.    Why is the fiscal package strategy (Keynesian policy) likely to have a greater positive effect, than a strategy that relies more heavily on monetary policy (Classical policy)?  d a positive or negative effect and why?

10.    If asset prices decrease (or deflate), what impact is this likely to have on consumers/investors; and the overall economy?

ACBUS108A Applied Economics

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

30 More Pages to Come in This Document. Get access to the complete answer.

I need help with my homework. Who can help me? “ The answer to this question is MyAssignmenthelp.com. Known as Australias best online homework maker, they have 3000+ homework expert writers who are capable of working on any subject. Plus, they offer affordable homework help and students can buy homework for cheap from anytime they want.

More ACBUS108A ACBUS108A Applied Economics: Questions & Answers

BA4256 Labour Market

Task
Plagiarism
“Plagiarism is the practice of presenting thoughts, writings or other output of another or others as original, without acknowledgement of their source(s). All material used to support a piece of work, whether a printed publication or from electronic media, should be appropr …

View Answer

ECN 115A Economic Development

Task:
Problem 1: Lorenz curves and Gini coefficients 
Using a simulated version of the KwaZulu-Natal Income Dynamics Study (KIDS) survey, we will examine the evolution of inequality in South Africa between 1993 and 2004. (Use the data provided in the “SSI2020_PS2_template” Excel f …

View Answer

Business Management

Governments should play active roles in managing short run instability in the economy caused by unemployment and inflation problems.Do you agree with the above statement? Explain the view …

View Answer

MPE 781 Economics for Managers

Questions: Answer all questions. Limit the word count of your assignmentto less than 3000. Please use diagrams in your answer when appropriate.1. In your own words, summarise the article. What is the main messageof this article? [8 marks]2. The article states that “The Australian Taxpayers&rsq …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You





Daisy Llivan

PhD in Programming with Specialization in Computer Science and Engineering

1497 – Completed Orders

Hire Me





Isabelle Underwood

post graduation degree from Massachusetts Institute of Technology in Agricultural Engineering.

900 – Completed Orders

Hire Me





Corbin Moreno

M.Sc in Information and Network Security from the University of the West of Scotland

100 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

38983 Genuine Reviews With a Rating of 4.9/5.

Assignment

Home Work: 1 Page, Deadline:
5 days

This service is an exquisite one. Answers came out early, accurate work was done and all

User ID: 8***17 Accra, Ghana

Assignment

Home Work: 1.2 Pages, Deadline:
7 hours

So far the papers were before time. The is not graded yet but overall i like the personal opinion. I did do little amend. I like the paper.

User ID: 7***0 Castro Valley, United States

Assignment

Home Work: 1.2 Pages, Deadline:
7 hours

So far there was 2 places where it was note quotes correctly with critiques, but i fixed it. overall the paper was very good

User ID: 7***0 Castro Valley, United States

Psychology

Essay: 2 Pages, Deadline:
1 day

Great job on working on this paper that allowed me to get a good mark. Would recommend this service

User ID: 6***81 Castro Valley, Canada

Nursing

Essay: 5 Pages, Deadline:
26 days

I am satisfied with the assignment. Prof. commented excellent job and i got good grades. Thank you.

User ID: 7***90 Castro Valley, Canada

Civil Law

Assignment: 10 Pages, Deadline:
15 days

My marks 15/20 thank you very much. and well done! My lecturer is veteran person he loves long essay 😉

User ID: 1***1 Bintulu, Malaysia

Business Law

Home Work: 12 Pages, Deadline:
7 days

OMG my marks 18/20 luckily im so worry at first but at the end it’s coming out nicely, thank you very much and well done! 😉

User ID: 1***1 Bintulu, Malaysia

Business Law

Assignment: 18 Pages, Deadline:
8 days

OMG just received marks today 28/30 thank you so much 😉 the way writing follow as what i need, well done!

User ID: 1***1 Bintulu, Malaysia

Management

Essay: 15 Pages, Deadline:
10 days

All learning outcomes achieved.Fair discussion of PESTLE/SWOT/Porter forces. But can evaluate by prioritizing the factors in the order of its impact a …

User ID: 6***76 Bintulu, Hong Kong

Management

Assignment: 8 Pages, Deadline:
6 days

Thank you MyAssignmentHelp for providing me quality assignment solution within deadline.

User ID: 8***13 Canberra, Australia

Management

Programming: 12 Pages, Deadline:
7 days

Received a good quality work for my assignment. Great service and support from the team.

User ID: 8***13 Canberra, Australia

Nursing

Home Work: 1.6 Pages, Deadline:
1 day

Very professionally done. Received my work in a timely. Written at the required level. Got a compliment from the professor.

User ID: 3***92 Canberra, Canada

Management

Home Work: 4 Pages, Deadline:
1 day

Thanks for the quick resolution of my assignment issue i really appreciate that 🙂

User ID: 2***00 Canberra, Saudi Arabia

Biology

Assignment: 11 Pages, Deadline:
6 days

Great assignment, i asked to add few more things after I received the first draft and it was done very well

User ID: 8***83 United Kingdom, Great Britain

HRM

Assignment: 8 Pages, Deadline:
14 days

I have got what was described and very happy with the overall service and result!!!!!!!!!!!!!!

User ID: 2***97 Slough, Great Britain

Management

Assignment: 4.8 Pages, Deadline:
2 days

Prompt on time and did a great job with promptness and getting the assignment back on time

User ID: 7***39 Slough, United States

Management

Home Work: 5.6 Pages, Deadline:
17 hours

great turnaround time. neat writing and reasearch. still awaiting marks in a month

User ID: 6***78 Slough, South Africa

Civil Law

Assignment: 1 Page, Deadline:
11 hours

thank you for the assignment , not graded – the objectives were met foir this assignment – thank you for the assignment

User ID: 1***21 Tianjin, South Africa

Management

Thesis: 2.8 Pages, Deadline:
17 hours

Absolutely a remarkable job and great work by an outstanding agency. I was well pleased with my assignment and got a great grade!

User ID: 6***89 Tianjin, Canada

Management

Assignment: 12 Pages, Deadline:
10 days

Received a quality work on time. Completely satisfied and highly recommend for the students looking for help.

User ID: 8***13 Canberra, Australia

Assignment

Home Work: 1 Page, Deadline:
5 days

This service is an exquisite one. Answers came out early, accurate work was done and all

User ID: 8***17 Accra, Ghana

Assignment

Home Work: 1.2 Pages, Deadline:
7 hours

So far the papers were before time. The is not graded yet but overall i like the personal opinion. I did do little amend. I like the paper.

User ID: 7***0 Castro Valley, United States

Assignment

Home Work: 1.2 Pages, Deadline:
7 hours

So far there was 2 places where it was note quotes correctly with critiques, but i fixed it. overall the paper was very good

User ID: 7***0 Castro Valley, United States

Psychology

Essay: 2 Pages, Deadline:
1 day

Great job on working on this paper that allowed me to get a good mark. Would recommend this service

User ID: 6***81 Castro Valley, Canada

Nursing

Essay: 5 Pages, Deadline:
26 days

I am satisfied with the assignment. Prof. commented excellent job and i got good grades. Thank you.

User ID: 7***90 Castro Valley, Canada

Civil Law

Assignment: 10 Pages, Deadline:
15 days

My marks 15/20 thank you very much. and well done! My lecturer is veteran person he loves long essay 😉

User ID: 1***1 Bintulu, Malaysia

Business Law

Home Work: 12 Pages, Deadline:
7 days

OMG my marks 18/20 luckily im so worry at first but at the end it’s coming out nicely, thank you very much and well done! 😉

User ID: 1***1 Bintulu, Malaysia

Business Law

Assignment: 18 Pages, Deadline:
8 days

OMG just received marks today 28/30 thank you so much 😉 the way writing follow as what i need, well done!

User ID: 1***1 Bintulu, Malaysia

Management

Essay: 15 Pages, Deadline:
10 days

All learning outcomes achieved.Fair discussion of PESTLE/SWOT/Porter forces. But can evaluate by prioritizing the factors in the order of its impact a …

User ID: 6***76 Bintulu, Hong Kong

Management

Assignment: 8 Pages, Deadline:
6 days

Thank you MyAssignmentHelp for providing me quality assignment solution within deadline.

User ID: 8***13 Canberra, Australia

Management

Programming: 12 Pages, Deadline:
7 days

Received a good quality work for my assignment. Great service and support from the team.

User ID: 8***13 Canberra, Australia

Nursing

Home Work: 1.6 Pages, Deadline:
1 day

Very professionally done. Received my work in a timely. Written at the required level. Got a compliment from the professor.

User ID: 3***92 Canberra, Canada

Management

Home Work: 4 Pages, Deadline:
1 day

Thanks for the quick resolution of my assignment issue i really appreciate that 🙂

User ID: 2***00 Canberra, Saudi Arabia

Biology

Assignment: 11 Pages, Deadline:
6 days

Great assignment, i asked to add few more things after I received the first draft and it was done very well

User ID: 8***83 United Kingdom, Great Britain

HRM

Assignment: 8 Pages, Deadline:
14 days

I have got what was described and very happy with the overall service and result!!!!!!!!!!!!!!

User ID: 2***97 Slough, Great Britain

Management

Assignment: 4.8 Pages, Deadline:
2 days

Prompt on time and did a great job with promptness and getting the assignment back on time

User ID: 7***39 Slough, United States

Management

Home Work: 5.6 Pages, Deadline:
17 hours

great turnaround time. neat writing and reasearch. still awaiting marks in a month

User ID: 6***78 Slough, South Africa

Civil Law

Assignment: 1 Page, Deadline:
11 hours

thank you for the assignment , not graded – the objectives were met foir this assignment – thank you for the assignment

User ID: 1***21 Tianjin, South Africa

Management

Thesis: 2.8 Pages, Deadline:
17 hours

Absolutely a remarkable job and great work by an outstanding agency. I was well pleased with my assignment and got a great grade!

User ID: 6***89 Tianjin, Canada

Management

Assignment: 12 Pages, Deadline:
10 days

Received a quality work on time. Completely satisfied and highly recommend for the students looking for help.

User ID: 8***13 Canberra, Australia

Have any Query?

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER