The coronavirus has presented a fast evolving and significant challend to global health systems and economies. The government has acted decisvely in the national interest to support households and businesses and address the significant economic consequences of the coronavirus. the government economic package has provided timely support to affected workers, businesses and the broader community, and has kept australians in work, and businesses in business.

on July 21 the government announced the extension of the jobkeeper payment for a further 6 months until 28 march 2021and is targeting support to those businesses and not for profits who continue to be significantly impacted by the coranavirus. to support the economic recovery the government is extending and further temporary economic measures to support sectors, regions and communities that will continue to face challanges. these actions have supportedthe economy during this extraordinary time and have set the foundation for a strong economic recovery ince covid passes

Answer the following Questions

1. breifly explain which policy has been implemented by the overnment to address the significant economic consequences of the coronavirus
2. use AD-AS model to explain how the government action will help economy recover from the affects of covid 19 crisis

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