This economics assignment delves into the analysis of macroeconomic indicators and their impact on the Australian economy. The assignment begins by examining the relationship between inflation and unemployment rates in Australia from 2001 to 2016, supported by the Phillip's Curve theory. The second part of the assignment utilizes the Aggregate Demand and Aggregate Supply model to explain the effects of various economic events on the Australian economy, including tariffs on chickpeas, increased demand for wine, government expenditure changes, oil price fluctuations, and immigration. The analysis provides insights into how these factors influence real GDP and price levels. The assignment includes figures and references to support the analysis.