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Question 1: The Reserve Bank of Australia (RBA) has stated that: The principal medium-term objective of monetary policy is to control inflation, so an inflation

Question 1:

The Reserve Bank of Australia (RBA) has stated that: The principal medium-term objective of monetary policy is to control inflation, so an inflation target is thus the centerpiece of the monetary policy framework.i Explain why the RBA is targeting inflation in Australia. (2 marks)

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