key stats and examples

Question 1

S-I channel

Answer 1

changes incentives for saving and investment through lending and deposit rates

Question 2

fiscal policy infrastructure (LT growth and inflation)

Answer 2

21/22 budget 15.2b in infrastructure projects, increase AS.

Question 3

Fiscal policy auto stabilisers

Answer 3

during covid, welfare payments accounted for 33.9% of gov. exp. 227.5b estimate

Question 4

Job keeper

Answer 4

90b for businesses, saved 700,000 jobs.

Question 5

LMITO (DOI and growth)

Answer 5

ongoing, with 25.1b in tax cuts to decrease income inequality
boosted GDP by 4.5b since 2018

Question 6

fiscal consolidation (ext. stab. and inflation)

Answer 6

reduces crowding out effect due to lower funding from domestic banks
in 2013-19 aimed for a surplus of $5b in 2020. interrupted by covid

Question 7

national competition policy (completed in 1995)

Answer 7

anti-monopoly, decreasing collusion between companies, consumer guarantees all encouraged competition to lower prices and increase innovation