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The Reserve Bank of Australia uses open market operations: Select one: a. usually every day. b. once a month when the Reserve Bank Board meets

The Reserve Bank of Australia uses open market operations: Select one: a. usually every day. b. once a month when the Reserve Bank Board meets to discuss monetary policy. c. only when it wants to increase or decrease the cash rate. d. only when it is conducting monetary policy.Which of the following situations is one in which the Reserve Bank of Australia will potentially pursue expansionary monetary policy? Select one: a. Potential GDP is forecast to be higher than equilibrium GDP. b. Potential GDP is forecast to be lower than equilibrium GDP. c. Aggregate demand is growing too fast to keep the economy at full employment. d. Aggregate demand is growing too slowly and the economy is in danger of producing GDP above full employment

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