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Created with Fabric.js 1.4.5 Mel's economic policies to save Australia from a Recession My overcoming recession policies The Great Depression's impact on Australian society was devastating. Because there was no work and there wasn't a steady income many people lost their homes and were forced to live in makeshift dwellings with poor health conditions. 32% of Australians were unemployed due to the Depression In the Great Depression the consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialised world. In the Great Depression the federal government did not have a centralised unemployment assistance program. So therefore if I were an economist I would encourage a plan of how the society would run in case of a depression In the Great Depression the federal government did not have a centralised unemployment assistance program. So therefore if I were an economist I would encourage a plan of how the society would run in case of a depression. In the Great Depression the federal government did not have a centralised unemployment assistance program. So therefore if I were an economist I would encourage a plan of how the society would run in case of a depression. Throughout the Great Depression the unequal distribution of wealth and the governments inability to closely monitor the economic boom was weak. If the was unequal distribution they should've known what was coming for them. FISCAL POLICY Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply.Stimulate economic growth in a period of a recession.Keep inflation low (UK government has a target of 2%)Basically, fiscal policy aims to stabilise economic growth, avoiding a boom and bust economic cycle.Through fiscal policy, regulators attempt to improve unemployment rates, control inflation, stabilize business cycles and influence interest rates in an effort to control the economy.
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