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An assessment of the economic impact of COVID 19 on the Australian economy Please explain this...

An assessment of the economic impact of COVID 19 on the Australian economy

Please explain this with the help of below mentioned diagram

1) Macroeconomic policy options in light of COVID19 – likely outcomes / limitations-use the IS-LM-BP to illustrate

2) Choice of exchange rate regime – would Australia be in a better position if it had a fixed exchange rate?

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