Question: 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.

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 "Money".

C. Explain, using appropriate terminologies and a flow chart, how contractionary monetary policy can affect the economy.

Question 8

A. Explain how automatic stabilisers can slow down a recession.

B.Explain two (2) fiscal measures the federal government of Australia introduced in the 2021/2022 federal budget to reduce unemployment.

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