Economics · Unit 4 · Economic indicators and past budget stances · Economic indicators and past budget stances

Select data and information to analyse and evaluate - the accuracy, reliability and efficacy of common indicators used to measure economic objectives in a past scenario - recent Australian federal budget outcomes including cyclical and structural causes and effects of expansionary and contractionary fiscal policy stances within the last 3–10 years - the Australian Government’s economic management and achievement of its macroeconomic objectives for a period within the last 3–10 years.

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Select data and information to analyse and evaluate - past economic indicators, to assess the position of the Australian economy on the economic cycle at previous points in time - the relationship between the economic cycle and economic objectives using past economic indicators and trade-offs, including conflicting objectives, intertemporal relationships, and the short- and long-run Phillips curve.
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