Question: Question 2: Monetary Policy (10 marks) Identify three measures used by the Reserve Bank of Australia (RBA) to support jobs, income and businesses in response

Question 2: Monetary Policy (10 marks)

Identify three measures used by the Reserve Bank of Australia (RBA) to support jobs, income and businesses in response to the economic effects of COVID-19 pandemic and complete the following table:

Measure	Type (i.e., conventional or unconventional)	How does it work?	Expected effect in economic activity (e.g., spending, borrowing and investing)?
1.
2.
3.

(300 words)

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