ECON 1010 – Macroeconomics 1 Policy Brief ‘Student template’ ( s trictly follow this template and use this template only for submission ) You must compose the policy brief according to the template detailed in this section. Instructions for each required element of the brief are included within this template These instructions are reflected in the requirements of the rubric detailed. Ensure that the policy brief includes each of the elements detailed in the template and that you do not reorder, rename, or omit any of these elements. By signing below, you agree to the RMIT university’s student declaration In principle, you need to form a group with a size of TWO(2) students. All group members must be enrolled in the same tutorials (a strict requirement). In the event that you would like to form a group with a student from a different tutorial or you like to submit as the individual work, you will need to seek approval from the course coordinator explaining the valid reasons (please email to [email protected] ) Student name Student number Tutorial Date/Time Signature (take a picture of a signature and paste here) Aziz Behrami 3785256 Wednesday 9:30- 10:30pm Alexandra Staicu 3781509 Monday 3:30pm- 4:30pm . Part A: Diagnostics Analysis Page 1 of 6
Name of country: Australia Indicator 1 : Long-term annual growth rate of GDP Y-AXIS: Percentage of Growth Rate X-AXIS: Year Source from ( ) It is shown that over the past twenty years, Australia’s GDP has fluctuated significantly,in recent years, the economy has been stable enough, due to its economic success being major exporters of mining and agriculture commodities. The worst period of the economy was the 2008-2009 period, resulting in the Global Financial Crisis. McDonald and Morling (2012, para. 15) proclaim that ‘
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