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From 2008 until 2019, the average GDP growth rate has been approximately 2.5% and inflation has been approximately 2.1%. imagine that the RBA was not
From 2008 until 2019, the average GDP growth rate has been approximately 2.5% and inflation has been approximately 2.1%.
imagine that the RBA was not an independent central bank, that is, suppose the Governor was subject to active political pressure by the incumbent government.Describe the likely scenario the Governor would face in the lead-up to an election and explain why. [3 marks]
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