RBA to Cut Rates Again in August, Morgan Stanley Says
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the RBA's action in response to the economic slowdown?
Increased interest rates
Cut interest rates
Reduced government spending
Introduced new taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the 1% interest rate mentioned in the discussion?
It indicates a booming economy
It is the target rate for the next decade
It marks the limit of effective monetary policy
It is the highest rate ever set by the RBA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic transition is Australia aiming for according to the discussion?
From a resource and housing-based to a service-oriented economy
From a service-based to a resource-based economy
From an agricultural to an industrial economy
From a manufacturing to a technology-based economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What fiscal strategy is suggested for the Australian government to stimulate growth?
Cut public services
Invest in infrastructure and nation building
Focus on surplus
Increase taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the political challenge mentioned in relation to fiscal stimulus?
Reducing interest rates further
Balancing surplus focus with infrastructure investment
Increasing government size
Maintaining a high debt-to-GDP ratio
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