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A monetary policy target currently used by the Reserve Bank of Australia is Measures of core inflation: (a) seek to remove some of the short-run

A monetary policy target currently used by the Reserve Bank of Australia is

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Measures of core inflation: (a) seek to remove some of the short-run or transitory changes in headline inflation. {b} seek to measure the longer term trends in inflation. (o) are generally more variable than headline inflation. (d) both (a) and (b) (e) are affected by one-time changes in the CPI due to variations in tax rates

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