ccording to Budget 2022-23, the Australian government is planning to “Building the skilled workforce and industries that Australia needs, including $2.8 billion for apprentices and $2.2 billion to support Australian industries and universities to develop innovative companies and products.” Please use appropriate diagrams to explain the impacts the above policy could have on the Australian economy in the short and long run.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 4WNG
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According to Budget 2022-23, the Australian government is planning to “Building the skilled workforce and industries that Australia needs, including $2.8 billion for apprentices and $2.2 billion to support Australian industries and universities to develop innovative companies and products.” Please use appropriate diagrams to explain the impacts the above policy could have on the Australian economy in the short and long run. 

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