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3:30 pm Fri 12 Jan Back ECO101 Assessment 2 Article 2.docx 5. D Switch To Dark Mode According to the article what is the RBA's inflation target band and when does the RBA expect inflation to return within this band? [2] 6. According to the article what are the reasons that rents have increased by 6.6% in the past 12 months? Show the effect of this on a demand-supply graph. [4] Price P* S 1 7. Q* Demand Quantit y According to the article, the OECD expects GDP growth in 2024 to slow to 1.4%. What do they suggest is the main reason for the slowing growth in GDP? [2] 8. According to the article, the OECD suggest that the Australian economy is being supported and the slowing growth in GDP has been offset by two main factors. What are these contributing Dashboard Calendar 0= 10 To Do Notifications 5G 59% Inbox 3:31 pm Fri 12 Jan 5G59% Back ECO101 Assessment 2 Article 2.docx Price D Switch To Dark Mode have increased by 6.6% in the past 12 months? Show the effect of this on a demand-supply graph. [4] P* S 1 7. Q* Demand Quantit y According to the article, the OECD expects GDP growth in 2024 to slow to 1.4%. What do they suggest is the main reason for the slowing growth in GDP? [2] 8. According to the article, the OECD suggest that the Australian economy is being supported and the slowing growth in GDP has been offset by two main factors. What are these contributing factors? [2] 10 Dashboard 000 Calendar To Do Notifications Inbox 0= 3:31 pm Fri 12 Jan Back ECO101 Assessment 2 Article 2.docx ID NO: Campus: 1 Switch To Dark Mode ECO101 Business Economics - Semester 3 2023 Assessment task 2 Responses to Case Study - Article 2 DUE: End of Week 9 "RBA won't lift rates again: OECD". By Michael Read (from Australian Financial Review 29th November 2023) is available at: 5G59% https://www.afr.com/policy/economy/rba-won-t-lift-rates-again-oecd-20231129-p5enq! Access the article at the URL given above or from Canvas and answer the questions in the spaces below. Use full sentences and show all necessary working but do not use more space than is given here. Other references are not necessary but, if you do use any (for example, online economics glossaries) please list at least the URL of your source. Marks are shown and total [15]. 1. What is the current cash rate in Australia? 2. 3. [1] From your research briefly describe in your own words about the OECD. Include your reference source. [1] According to the article when is the OECD expecting that the RBA will begin to reduce the cash rate? [1] 4. According to the article what did annual inflation fall to in October 2023? When did inflation peak? Dashboard 10 Calendar To Do 0= 121 Notifications Inbox 3:30 pm Fri 12 Jan Back ECO101 Assessment 2 Article 2.docx 5. D Switch To Dark Mode According to the article what is the RBA's inflation target band and when does the RBA expect inflation to return within this band? [2] 6. According to the article what are the reasons that rents have increased by 6.6% in the past 12 months? Show the effect of this on a demand-supply graph. [4] Price P* S 1 7. Q* Demand Quantit y According to the article, the OECD expects GDP growth in 2024 to slow to 1.4%. What do they suggest is the main reason for the slowing growth in GDP? [2] 8. According to the article, the OECD suggest that the Australian economy is being supported and the slowing growth in GDP has been offset by two main factors. What are these contributing Dashboard Calendar 0= 10 To Do Notifications 5G 59% Inbox 3:31 pm Fri 12 Jan 5G59% Back ECO101 Assessment 2 Article 2.docx Price D Switch To Dark Mode have increased by 6.6% in the past 12 months? Show the effect of this on a demand-supply graph. [4] P* S 1 7. Q* Demand Quantit y According to the article, the OECD expects GDP growth in 2024 to slow to 1.4%. What do they suggest is the main reason for the slowing growth in GDP? [2] 8. According to the article, the OECD suggest that the Australian economy is being supported and the slowing growth in GDP has been offset by two main factors. What are these contributing factors? [2] 10 Dashboard 000 Calendar To Do Notifications Inbox 0= 3:31 pm Fri 12 Jan Back ECO101 Assessment 2 Article 2.docx ID NO: Campus: 1 Switch To Dark Mode ECO101 Business Economics - Semester 3 2023 Assessment task 2 Responses to Case Study - Article 2 DUE: End of Week 9 "RBA won't lift rates again: OECD". By Michael Read (from Australian Financial Review 29th November 2023) is available at: 5G59% https://www.afr.com/policy/economy/rba-won-t-lift-rates-again-oecd-20231129-p5enq! Access the article at the URL given above or from Canvas and answer the questions in the spaces below. Use full sentences and show all necessary working but do not use more space than is given here. Other references are not necessary but, if you do use any (for example, online economics glossaries) please list at least the URL of your source. Marks are shown and total [15]. 1. What is the current cash rate in Australia? 2. 3. [1] From your research briefly describe in your own words about the OECD. Include your reference source. [1] According to the article when is the OECD expecting that the RBA will begin to reduce the cash rate? [1] 4. According to the article what did annual inflation fall to in October 2023? When did inflation peak? Dashboard 10 Calendar To Do 0= 121 Notifications Inbox
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