Complete a research-based analysis and evaluation of the macroeconomic performance of Australia and the United States of America (USA) from 1990 to 2015. Obtain data on key macroeconomic indicators: real GDP, interest rates, unemployment rate, CPI, exchange rate, exports and imports.
(Using minimum 6 of academic journal articles plus the text, in-text referencing and reference list, Harvard – Anglia style)
1. In which country has monetary policy been tighter in the past decade? Critically Explain. (350 words)
2. Write a short prediction of the macroeconomic outlook each country. Which of the two countries, Australia or USA, is more likely to experience a recession or expansion soon? Critically explain. (350 words)
3. Are the macroeconomic indicators in Australia and the United States correlated? Explain (300 words)