Question: Explain how automatic stabilisers can automatically slow down the economy from overheating. Highlight two (2) discretionary measures the federal government introduced in the 2021 budget.Explain

  1. Explain how automatic stabilisers can automatically slow down the economy from overheating.

  1. Highlight two (2) discretionary measures the federal government introduced in the 2021 budget.Explain the intention of the measures.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Question 8 Explain how automatic stabilisers can automatically slow down the economy from overheating. 2 Marks Explain two (2) fiscal measures the federal government of Australia has taken to reduce...

Q:

Question 6 Your friend is very unhappy because his real wage has decreased unexpectedly. Explain, using the concepts of real income, and nominal income, anticipated and unanticipated inflation rate,...

Q:

Question 7 A. Is a debit card be money? Explain. B. Supporters of Bitcoin technology are confident that bitcoin can perform the functions of money. Discuss three limitations in accepting bitcoin as...

Q:

Please read the text pages from 15-28 pasted below and answer the following questions Define: 1) expansionary fiscal policy 2) automatic stabilizers 3) progressive tax 4) contractionary fiscal policy...

Q:

Please read the case study below titled "Convergence in industrial relations institutions: the emerging Anglo-American model?" and help me answer the questions that follow. If possible cite all...

Q:

Based on this PDF For the exclusive use of A. Okoba, 2023. Richard Ivey School of Business The University of Western Ontario IVEy 905M59 GENERAL MOTORS: ACTING STRATEGICALLY?1 Danielle Cadieux...

Q:

Review the following articles and describe how they relate to the circular flow of income and expenditure. Describe some of the most popular imports Americans purchase and list where they come from....

Q:

Hi, I have an Assignment for my Finance Subject. I have attached the necessary documentation here for you to view including the Lecture slides of all the Topics covered for this assignment. Please...

Q:

In a one-page paper, answer the following: What is the function of venture capital in the United States and why is it important and/or needed? Describe the seven constants that apply across any...

Q:

TASK I have done changes to the 2 issues found. This is a article from which I have to submit a well constructed essay. Critically analyse the story below and submit a ( its our work that has to be...

Q:

Use the following tables from Brices PT Cruisers expenditure system to address the situations below: (a) Assume Brices PT Cruisers Inc. is concerned that its new temporary Purchase Department...

Q:

Find the value of the variable(s). Round all answers to the nearest tenth. SHOW ALL WORK! Trig Problems! First step is to pick an angle and the triangle. You need to memorize soc Remember, use 26. A...

Q:

In one paragraph discussing types of derivatives offered in the market in Kenya

Q:

Writing Prompt Imagine you recently began working for a government health agency, and the head of the department, Dr. Malloy, has asked you to conduct research on health topics that are not widely...

Q:

1. Discuss the following statements: a) Mastery is not the same as understanding. b) Being bigger than is not the same as being the thing that is bigger. c) The difference between order and disorder...

Q:

5. It is the needs of the individual that are important.

Q:

6. It is what the person has previously done for the group that is the deciding factor.