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Description
This assignment is based on the following question –
For a decade or more, macroeconomic policy in Australia seems to have been directed primarily at controlling inflation in the belief that success in achieving this target would be associated with macroeconomic stability and growth. Following the Global Financial Crisis the main emphasis of macroeconomic policy has been on trying to avoid a recession. Contrast these two phases of policy and explain how macroeconomic policy objectives, targets and instruments have differed.
