Monetary Policy
The concepts of monetary policy and the cash rate
The economic policy objectives of the Reserve Bank of Australia (RBA)
Conventional and unconventional monetary policy
Circumstances under which the RBA may change the monetary policy stance
How changes in the cash rate affects the level of economic activity, i.e. the transmission mechanism
The impact of expansionary and contractionary monetary policy stances on the level of economic activity using the AE and AD/AS model
Strengths and weaknesses of monetary policy
Monetary policy stances in Australia over the last three years
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