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As you are probably aware, on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the cash rate by 25 basis points, from
As you are probably aware, on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the cash rate by 25 basis points, from 0.1% to 0.35%. Describe how this decision might affect the aggregate demand and then GDP via the asset prices channel, AND saving and investment channel of monetary transmission.
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