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Economics Essay: Impact Of Covid-19 & Recession In Australia

Task: Q1) Successive Australian governments have failed to recognize and/or remedy serious market failures that have resulted in the adverse impacts of the COVID epidemic being more severe than would have otherwise have been necessary. Discuss. Q2) Utilizing economic theory and illustrative examples write an essay which explains why Australia is in a deep recession. In your economics essay, assess the effectiveness of the government response in limiting the depth of the recession and in contributing to recovery from it.

Subject Name: Economics

Level: Undergraduate

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