Australlan and Chinese business cycle.
. Required:
• Identify business cycle for Australian in 2020;
Explain your answer:
Include reference to data;
• Identify business cycle for Australian in 2021;
Explain your answer;
Include reference to data;
Is the change in Consumption spending consistent with the phase of the business cycle you identified for 2021? Did it contribute to this phase? Does change in consumer confidence also explain the phase?
Is the change in Investment spending consistent with the phase of the business cycle you identified for 2021? Did it contribute to this phase? Does change in business confidence also explain the phase?
.
Is the change in Net exports consistent with the phase of the business cycle you identified for 2021? Did it contribute to this phase?