ECON3011 Economics|Covid-19

Discuss the types of the shocks associated with Covid-19 the Australian economy has experiences in 2020-2021.   Analyse the monetary and fiscal policy response to these shocks. Do you think the policy response has been adequate?   In your answer make sure that you outline the economic framework to think about the issue and the intensions of policy response. You are expected to use some of the AS/AD (aggregate demand–aggregate supply model is a macroeconomic model) and or the IS/MP (Investment–Savings / Monetary–Policy is a macroeconomic tool) framework but it’s fine to use other frameworks on top of that if you find them useful. You can also include graphs as well if you think is relevant to the information
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