1. Explain the reasons behind Australia's surging housing prices (500 words, 10 marks)2. Detail macroeconomic solutions the government can undertake to ensure affordable housing for the youngergeneration. (1,000 words, 15 marks)ASSIGNMENT SUBMISSIONAssignment SubmissionAll arrangements for assignment submission and method are to be made between the lecturer and students.In most cases, students will requested to submit the softcopy of assignment through the Moodle e-learningsystem and a hardcopy to be submitted in class or before 5pm on the due date. If a student is absent fromclass on the day the assignment is due to be handed in, the student is requested to hand in on the next dayof due date.If students are absent from class on the day of an assessment then they may be eligible for specialconsideration or an extension depending on the reason for their absence.Penalties for Late Submission of Assignment