Illustrate ans EXPLAIN in great details of the expansionary and contradictonary in which the RBA board might adopt monetary policy graphs as to how and increase in the cash from 1% to 1.5% would help to keep inflation within the target rate, and how a further a decrease from 1% to 0.25% in thr cash rate would help to stimulate in the economy. Describe the circumstances on which RBA board might decrease and/or increase the cash rate in the future

au/monetary-policy/rba-board-minutes/2020/ Question 4: Draw graph and explain the circumstances in which the RBA Board might adopt a contractionary monetary policy (increase1% to 1.5 %) to keep inflation from rising, or an expansionary monetary policy (decrease 1 % to 0.25%) to stimulate economic recovery from the negative impact of global pandemic on the economy