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Briefly explain the role of the RBA in the Australian economy. Identify and discuss relevant recent changes to Monetary Policy that would have an impact

Briefly explain the role of the RBA in the Australian economy. Identify and discuss relevant recent changes to Monetary Policy that would have an impact on each of the three (3) macroeconomic factors:

- the business cycle

- inflation

- wages Growth

Response needs to focus on how the current monetary policy change influences the particular macroeconomic factor.

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