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Applied Economics - Question 1 As presented by the Australian Bureau of Statistics, Australia's economy has experienced a significant drop of 7% in the last quarter to June 2020 (Baker et al., 2020). For the previous quarter in March 2019, this country's economy has had a worse drop than a 5.9% fall stock market. Following the consecutive quarterly economy contraction and the fastest on record, we are experiencing the first national re…
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