Question: Draw a graph and explain the circumstances in which the Reserve Bank of Australia Board might adopt a contractionary monetary policy (increase1% to 1.5 %)

Draw a graph and explain the circumstances in which the Reserve Bank of Australia Board might adopt a contractionary monetary policy (increase1% to 1.5 %) to keep inflation from rising, or an expansionary monetary policy (decrease 1 % to 0.25%) to stimulate economic recovery from the negative impact of global pandemic on the economy

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