Highlights
Background:
“Australia has performed better on the health and on the economic fronts than nearly any other country in the world ...We have now turned the corner and a recovery is under way”. Josh Frydenberg, Australia’s treasurer. (2 Dec 2020).
Topic:
Given the above statement:
Your manager has asked you to use the key Macroeconomic Variables and their relevant factors, apply them to the AD/AS Model to assess which phase the Australian economy is in, and then comment on the key macroeconomic indicators.
Write an individual memo (2 pages excluding the reference list) to brief your manager on the current Australian economy, including the AD/AS Model (2 pages, excluding the reference list, font size 12 with 1.5 line spacing). The memo should include four sections (headings) namely ‘Overview’, ‘Content’, ‘the Model’ and the ‘conclusion’. Referencing and citation are essential.
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