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At the end of the article, it is stated that GDP growth will come to a standstill next year because of higher interest rates. Identify

At the end of the article, it is stated that "GDP growth will come to a standstill next year" because of higher interest rates. Identify the corresponding stance of monetary policy and explain the effect of higher interest rates on the macroeconomy.

Source: https://www.abc.net.au/news/2022-12-07/gdp-increases-0-6-per-cent-in-september-quarter/101742812

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