Q1a. On 4th Feb 2020, RBA made the following announcement: “At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent.”
Using the Statistical Tables on the RBA website, find data on monthly Money Market interest rates. (In Column B of the relevant spreadsheet you’ll find data on the Cash Rate Target: monthly average, starting from August 1990 to January 2020).
Use this data to construct a graph of the monthly cash rate from August 1994 to January 2020. Use the graphing tool (line charts) in Excel. Please describe interest rate changes over this period, in particular the big drops, and briefly discuss the reason of the big drops.
Q1b. Please briefly discuss the relationship between inflation rate and unemployment rate over the period 1980-2019, by collecting data from the Australian Bureau of Statistics website. In particular, you can find unemployment and inflation rates from the following statistical series:
6202.0 Labour Force, Australia, and then select Table 1. Labour force status by Sex, Australia - Trend, Seasonally adjusted and Original. From here download the following series: Unemployment rate, Persons; Seasonally adjusted, for the years 1980 – 2019 in monthly frequency.
6401.0 Consumer Price Index, Australia, and then select
TABLES 1 and 2. CPI: All Groups, Index Numbers and Percentage Changes. From here, download the following series:
Percentage Change from Previous Period ; All groups CPI ; Australia ; Original, for the years 1980 – 2019 in quarterly frequency.
Now present the data for unemployment rate and inflation rates in a graph. From the graph, discuss the relationship between inflation rate and unemployment rate over these years.
Note that converting the monthly data into quarterly frequency is by taking only the monthly values corresponding to each quarter like, for example: take the data for March 1980, June 1980, September 1980 and December 1980 to get the quarterly series in 1980.
Q2. Because of Coronavirus outbreak, Australian economy was influenced heavily. Please use the Aggregate Expenditure function and the 45-degree line diagram to explain how the Coronavirus outbreak could affect Australian economy.
Q3. From Sep 2019 till Feb 2020, Australia experienced serious bushfires around the country. Please use aggregate supply and aggregate demand curves to analyze the impact of bushfire on the Australian economy and discuss what policies the government should use to stimulate the economy and its impact in the short and long run.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2020). The Global Economy. Retrieved from https://myassignmenthelp.com/free-samples/mae203-the-global-economy.
"The Global Economy." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/mae203-the-global-economy.
My Assignment Help (2020) The Global Economy [Online]. Available from: https://myassignmenthelp.com/free-samples/mae203-the-global-economy
[Accessed 07 August 2020].
My Assignment Help. 'The Global Economy' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/mae203-the-global-economy> accessed 07 August 2020.
My Assignment Help. The Global Economy [Internet]. My Assignment Help. 2020 [cited 07 August 2020]. Available from: https://myassignmenthelp.com/free-samples/mae203-the-global-economy.
Term papers are vital for every student as their future depends on it. They tend to be scary sometimes when students face complex tasks or not have enough time. MyAssignmenthelp.com offers professional paper writing service. Here are the following ways we will help with paper: Give you a proper research paper outline, clear out complicated concepts, provide you credible resources, complete guideline on paper editing, improve your time-management skill, term papers are all about grades. So if you have a query regarding ‘how professors will rate my term paper’, we will be happy to give you a session on it.
Answer: Introduction: Taxes are the compulsory payment to government. Any direct or indirect tax impact the parties those are required to pay the tax and also the some burden of tax can be transferred to other groups (Case, Fair and Oster 2014). The impact of any imposed tax and distribution of the burden is termed as tax incidence. Effect of any proposed tax depend on demand, supply conditions and their respective elasticity. Therefore, imp...Read More
Answer: Introduction: Free Trade Agreements (FTAs) refer the situation when two or more than two countries agree to trade with each other, without any trade restriction. The member countries minimise tariffs and import quotas to reduce trade barriers for promoting imports and exports. Hence, FTAs affect the terms of trade of those member countries significantly (Anderson and Yotov 2016). In this context, a brief overview of European Union can...Read More
Answer: Essay: Technology in the Globalised World Benefits all Developing Countries Introduction The international movement of knowledge and technical expertise has become a common agenda globally, thus leading to the advancement of the world economy since the early 1970s. Science is expanding, which also leads to increased commodity diversification in the world trade arena. Technological progress has made it easy globally to receive foreign...Read More
Answers: 1. (1.1) Economies of scale is the production condition of a firm under which the firm has the opportunity to increase its production because with every unit increase in production the average cost of the firm will decline (Baumers et al. 2016). Theoretically economies of scale occurs when a firm operates at the downwards sloping portion of long run average cost (LAC) curve. Economies of scope is the process or strategy by whic...Read More
Answer: Introduction: Human capital is acknowledged as the skilled labour force, who is productive in nature to add values and output to the existing product stock (Fitzsimons, 2015). There is difference between human capital and total number of workers available for work in the market because, it may so happen that all the workers available in the workforce may not be skilled and unless they are not skilled they cannot be called human capita...Read More
Just share Requriment and get customize Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
Awesome work. Awesome response time. Very thorough & clear. Love the results I get with MAH!
Work was done in a timely manner took it through grammarly checked for plagiarism very well satisfied
Great work for the short notice given. Thank you for never disappointing and helping out.
I received a full point on the assignment. Thank you for all the help with the assignment.