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2.6 Macroeconomic objectives and policies

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Question 12

In response to weakening domestic demand, the Reserve Bank of Australia (RBA) lowered its official interest rate from 1.50% to 0.75%.

Explain one likely impact of a decrease in the official interest rate on the rate of inflation.

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2.6 Macroeconomic objectives and policies Questions

  1. A Level
  2. /Economics
  3. /2.6 Macroeconomic objectives and policies