What is the conclusion of the statement ?Base in this linkhttps://www.rba.gov.au/publications/smp/2023/feb/overview.htmlhttps://www.rba.gov.au/media-releases/2023/mr-23-07.html

Comments: Experts say the chances of the Reserve Bank of Australia holding rates steady in April are slim, with one former central bank economist saying rates could have to go above 5 per cent to curtail persistently high inflation. ( Michael Read, AFR, 3 March 2023) Topic: Given the above statement: Knowing that you are currently undertake MBA course in Australia. Your manager has asked you to brief him on the current macroeconomic situation in Australia. He/She states that you MUST firstly, assess the k_ey Macroeconomic Variables and their relevant factors, and then secondly, apply them (the key macroeconomic variables) to the AD/AS Model to determine which phase the current Australian economy is in, and then finally comment on the k_ey macroeconomic indicators. Econ Variables AD #36 Model \"5* Econ Indicators: - (C, I, G, X, -M) GDP growth, Unemployment & Inflatlon (You must follow the above seguence of approach) Requirements: Write an individual memo of about 400-500 words (2 pages including the reference list) to brief your manager on the current Australian economy, including the AD/AS Model (in 'word' document, 2 pages, including the reference list, font size 12 with 1.5 line spacing). The memo should include M sections (headings) namely: 1. 'Overview'--- % 2. 'The key economic variabies'; --- 7' 3. 'The AD/AS Model'; (Diagram) --- 7\" 4. 'The key economic indicators'; and; "-9 S. "The 'conciusion'. ** Referencing and citation are essential