(a) Explain the monetary policy in country of Slovenia (Europe). Are there different views as to how monetary policy affects the economy of your county compared to Australia? Explain the major tools the central bank uses to implement monetary policy and control the supply of money. (6 marks)
(b) Using your home country as a case study outline the most recent discretionary fiscal policy and analyse how government stabilised the economy.
(c) Using your case study examine the most recent supply-side fiscal policy. Analyse the effect of such policy on inflation, output and employment.
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