Australian business cycle and the macroeconomic environment

Section 1: The Australian Business Cycle Overview of the Australian economy The Australian economy over the past 15 years has been relatively stable having the ability to ignore various crises that have effected the world to date, such as the Asian financial crises since 1997-1998, Japans slow growth and the American economies 'dot com' bust. Other things include the employment rates have been at its lowest for 30 years, insignificant amounts of government debt and constant budget surpluses (…showed first 75 words of 2581 total…

…showed last 75 words of 2581 total…July 2005. Accessed 20 September 2005. <www.rba.gov.au> Kent C, Smith K & Holloway J. "Declining Output Volatility: What Role for Structural Change? Reserve Bank of Australia: July 2005. Accessed 20 September 2005. www.rba.gov.au Lockwood C. "Has he got the ticker: Economist: July 2005". Accessed 20 September 2005. MasterFile Premier. EBSCO host. U of Ballarat Lib, 20 September 2005 Sloman J. & Norris K. Principles of Economics. 1st Edition. French Forest, NSW: Pearson Education Australia, 2004.