minnie28
what did the australian government do (what fiscal policy did they apply) during the 1973 oil crisis and what affect did that have on inflation and the situation at the time?
Oil depletion
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replied to: minnie28
testuser
Replied to: what did the australian government do (what fiscal policy did they...
In December 1972 the Australian currency was revalued.
In May of 1973 the Cabinet authorised Rex Connor to confer with State Mines Ministers on the construction and operation of a national pipeline system.
The Australian government implemented progressive reduction of the new settler program between December 1972 and late 1975, from 140,000 to 50,000.
source:
http://209.85.141.104/search?q=cache:I6V7MujlqOUJ:adt.lib.swin.edu.au/uploads/approved/adt-VSWT20060710.144805/public/06appendix3.pdf+1973+oil+crisis+%22australian+government%22&hl=en&ct=clnk&cd=4&gl=us
In May of 1973 the Cabinet authorised Rex Connor to confer with State Mines Ministers on the construction and operation of a national pipeline system.
The Australian government implemented progressive reduction of the new settler program between December 1972 and late 1975, from 140,000 to 50,000.
source:
http://209.85.141.104/search?q=cache:I6V7MujlqOUJ:adt.lib.swin.edu.au/uploads/approved/adt-VSWT20060710.144805/public/06appendix3.pdf+1973+oil+crisis+%22australian+government%22&hl=en&ct=clnk&cd=4&gl=us