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(b) Define and explain the four most common national macroeconomic objectives. Use the variables GDP growth, inflation, exchange rate and cash rate as the basis

(b) Define and explain the four most common national macroeconomic objectives. Use the variables GDP growth, inflation, exchange rate and cash rate as the basis for describing the Australian economy over the last three years using quarterly or monthly data, and its likely development. This will be assessed according to both data acquisition (15 marks) and analytical capacity (15 marks).

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