Is the article discussing a microeconomic issue or a macroeconomic issue? Justify your answer?
Treasurer Josh Frydenberg said "'Australians will spend that money and that money will encourage economic activity." Which Gross Domestic Product (GDP) components will be affected by such cash spending by Australians and how they will be counted towards the nation's GDP?
It is mentioned in the article that ".... coronavirus pushes Australia towards recession". What does "recession" mean, and what will be the consequences of it on Australians?
What category of unemployment is Australia going to experience during a recession? Discuss some potential economic and social consequences of unemployment on Australians.