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Discuss the workings of tight monetary policy. What is/are the possible objective/s of a tight monetary policy? (3 marks) What are the tools used to

Discuss the workings of tight monetary policy. What is/are the possible objective/s of a tight monetary policy? (3 marks) What are the tools used to control the policy? (3 marks) When will it be necessary to impose tight monetary policy in an economy? (3 marks) Who is responsible for overseeing monetary policy in Australia? (2 marks)

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