Which of the following describes the Australian policy mix in response to the global crisis in 2008- 09?

Question

Quizplus · Accepted Answer

The Australian policy mix in response to the global crisis in 2008-09 involved fiscal expansion and monetary expansion. The government implemented stimulus spending programs and tax cuts to boost economic activity, while the Reserve Bank of Australia cut interest rates and engaged in quantitative easing to support liquidity and credit availability. This policy mix was successful in cushioning the impact of the crisis and helping the Australian economy to recover relatively quickly compared to other advanced economies.

Which of the Following Describes the Australian Policy Mix in Response