Question 3 b) What is the key economic problem Australia is currently facing and how does/did RBA response to it (i.e. what type of macroeconomic policy?). How does this policy affect the Aggregate Demand components and affect the AD, SAS and/or LAS curve in the AD/AS Model? [7 marks] [Answer here] Answer 3 b) Key economic problem is: RBA policy response (what type of policy): Monetary or Fiscal Policy; Expansionary or contractionary policy. (Type the correct answer) = Monetary policy components affected: AD curve: (shift left / remain unchanged / right) [Type the correct answer] = SAS curve: (shift left / remain unchanged / right) [Type the correct answer] = LAS curve: (shift left / remain unchanged / right) [Type the correct answer] =