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MAE203 Impact of The Fiscal Stimulus Assignment Sample

Global Economy - Question 1 (a) As a response to the recent COVID-19 outbreak, the Commonwealth Government put in place lockdown restrictions. Using the dynamic AD-AS framework, analyse and demonstrate the impact of the COVID-19 pandemic on the level of output (or real GDP), unemployment, and inflation The implementation of lockdown restrictions will result in increased unemployment due to restrictions on industries which will lead to incre…

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