Question 7 - 50 marks E. You are required to provide the values of the Australian key economic indicators listed in the table below for the period sep 2019 to sep 2020 (13 periods). To obtain the past information click here. Link: https://www.rba.gov.au/education/resources/digital-interactives/snapshot-comparison/ Period Economic Inflation Rate Unemployment Wage Growth Cech Rate Exchange Rate Growth Rate Rate (US$/1AUSS Sep 2019 Oct 2019 (15 marks) b. How did the Australian economy experience in the last 12 months in terms of output growth, inflation and unemployment? Describe in detail the movements/trends observed for these variables. (10 marks) C. On 18 March, 2020, the Reserve Bank of Australia [RBA]'s board called for a special meeting and the minutes of the meeting can be found here. According to the minutes, how is the novel coronavirus (COVID-19) pandemic expected to Link: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-03-18.html i. Affect the global economic outlook? Explain your answer. (5 marks) ii. Affect Australia's consumer spending and investment spending? Explain your answer. (10 marks) What monetary policy decision did the board make: Explain the reason for that decision