1.      Identify how many times the cash rate has changed in Australia over the contemporary period of time.

Contemporary Fiscal Policy has been extremely expansionary from 2020 to may 2022, maintaining a Cash Rate of 0.1%.

After this it became Contractionary, in may as unemployment rates hit 3.9% and Inflation rose from 5.1 to 6.1% between march and June.

Graph

1.      Account for the reasons why monetary policy has changed in this manner over the contemporary period (use your table of economic data and your text to support your answer).

Up until May of 2022 we held a Expansionary Stance, this was due to COVID, which caused mass Economic Uncertainty, thus to maintain