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1.The US Boskin Commission Report of 1996 advocated downward adjustment of the Consumer Price Index. Explain the rationale underpinning this advocacy using examples from Australia.

1.The US Boskin Commission Report of 1996 advocated downward adjustment of the Consumer Price Index. Explain the rationale underpinning this advocacy using examples from Australia. Explain your answer.

2.The United States has returned to a zero-interest rate policy in March 2020. Discuss the pros and cons of this policy. Should Australia opt for a zero-interest rate policy? Explain your answer.

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