The Reserve Bank of Australia (RBA), within its main roles, acts as lender of last resort.To support
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Question:
The Reserve Bank of Australia (RBA), within its main roles, acts as lender of last resort.To support Australian banks like Westpac from getting into financial difficulties to avert any financial disruption/crisis:
Explain how the RBA can increase the money supply in the Australian economy through Open Market Operations.
Explain how this increase in the money supply affect the production of goods and services in the economy.
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