https://www.rba.gov.au/publications/smp/2021/nov/

Reading is in the link ^

Section 5: Economic Outlook

This question is based on your reading 'Statement on Monetary Policy'. Over the period Dec 2022 to Dec 2023, the forecasted business cycle suggests that the Australian economy will be in a period of

expansion

contraction

recession

contraction followed by expansion

This question is based on your reading 'Statement on Monetary Policy'. August 2021 forecasts of Australian GDP levels at the end of 2021

were about equal to previous 2021 forecasts made just prior to the pandemic

were above 2021 forecasts made just prior to the pandemic

were below 2021 forecasts made just prior to the pandemic

were below actual GDP levels in 2019

This question is based on your reading 'Statement on Monetary Policy'. At the time of writing, recent increases in public consumption reflected

higher investment in residential construction

higher mining investment

expenditure on accelerated vaccination programs

All of the listed options are correct

This question is based on your reading 'Statement on Monetary Policy'. Page 68 states, "WPI growth is then forecast to strengthen further as the unemployment rate approaches 4 per cent, to be around 3 per cent by the end of 2023 - the fastest pace since 2013." Faster WPI growth is associated primarily with

a rightward movement of the aggregate demand curve

a leftward movement of the aggregate demand curve

a rightward movement of the short-run aggregate supply curve

a leftward movement of the short-run aggregate supply curve

This question is based on your reading 'Statement on Monetary Policy'. If labour market spare capacity remains higher than forecast

inflation will likely be higher than forecast

GDP growth will likely be higher than forecast

the WPI index will be higher than forecast

None of the listed options are true

This question is based on your reading 'Statement on Monetary Policy'. Labour market spare capacity in the next year may be lower than forecast if

there is a major slowdown in China affecting the Australian economy

there is a lack of fully vaccinated staff in key sectors of the economy

key sectors experience extended lockdowns arising from the pandemic

All of the listed options are true