Assessment item 5: Problem Question
Assignment 5 consists of one problem question worth 10 marks. Before attempting this assignment you are expected to have read Text chapters 12, 13 and 14. You are encouraged to make use of additional sources. Sources used in your answer should be fully referenced in APA 6th style.
Answer the following question ensuring that you apply economic principles or theory related to understanding the health of the economy and the need for government intervention to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and examples as necessary.
Question (15 marks)
Using appropriate diagrams, explain the likely impact of President Trump’s proposed protectionist policies on macroeconomic equilibrium in Australia and the USA in the short term and in the long term.
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