This macroeconomics assignment addresses key economic concepts and their interrelationships. The assignment begins by examining the impact of weak wage growth on an economy, illustrating how it can lead to stagnation by affecting consumer demand, production, and employment, and how it impacts various economic factors. It includes a diagram showing the mechanism of economic slowdown. The second part explores the components of an economy (inflation, wage growth, productivity, investment, interest rates, and economic growth), and analyzes how low values across these components can trigger economic stagnation, and discusses the role of the Central Bank in mitigating these effects through interest rate adjustments and their impact on aggregate demand and supply, represented in a diagram. The third part focuses on the Australian context, analyzing the impact of part-time workers on unemployment and inflation, considering the government's role in managing the economy, and the effects of changes in the natural rate of unemployment, visualized with diagrams. The assignment concludes by critiquing the government's economic assumptions and policies, especially in relation to NAIRU (Non-Accelerating Inflation Rate of Unemployment).