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Topic: |
Business
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Number of pages / Number of words: |
4 / 1009 |
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Through the necessary intervention stated in the Keynesian economic theory, the government had various options; to increase or decrease taxes, to increase or decrease government bonds and subsidies and most importantly, to work alongside the RBA. The RBAâs main objective is to ensure the Australian economy grows without pressure due to high inflation...
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The RBAâs main objective is to ensure the Australian economy grows without pressure due to high inflation. The RBA fulfil their responsibility of maintaining stable inflation by manipulating interest rates within the economy.
At this point in time, with evidence from the stimulus, the growing GDP levels in graph 10 alongside the Australian economy nearing full employment in stimulus 2 means that inflation will continue to rise...
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