Macroeconomics Practice Questions

Read the following article to help answer the following questions:

https://www.theguardian.com/business/commentisfree/2019/nov/04/we-asked-13-economists-how-to-fix-things-all-back-the-rba-governor-over-the-treasurer

a)Using the AD-AS framework, demonstrate the impacts of spending on infrastructure on output and inflation in the short-run.

b)Also explain the likely impact on output in the long-run.

c)Explain why governments borrowing to undertake expansionary fiscal policy can also make it easier for central banks to conduct expansionary monetary policy.