Question: Explain all the three question with full details. A. During the COVID-19 crisis, did the Australian government embark on an expansionary or contractionary fiscal policy?In

Explain all the three question with full details.

A. During the COVID-19 crisis, did the Australian government embark on an expansionary or contractionary fiscal policy?In this time of uncertainty, if the government was to use the tax policy (T), explain how this will help to restore the economy.Alternatively, if the government was to use government expenditure (G), explain how this will help to restore the economy.

B. What is fiscal balance?How will the two fiscal policy measures described above in part A of this question affect the fiscal balance? Explain your answer.

C. Explain why the multiplier effect of a similar amount of money spent on welfare payment (job seekers and pensioners) is different from that spent on government infrastructural development such as roads or schools?

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