Use an aggregate demand, short4un aggregate supply, potential GDP model to show and explain the likely theoretical impact of the following events on real GDP and ination in both the short run and the long run. Assume the economy is initially in a recessionary position. a) The decision at the November 2020 board meeting of the Reserve Bank of Australia to reduce the target cash rate to 0.1 per cent. b) The signing by Australia in November 2020 of the Regional free trade agreement known as The Regional Comprehensive Economic Partnership (RCEP) that will build on Australia's existing free trade agreements with 14 other Indo-Pacific countries