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Economic management — Question 8

QCAA 2020, Paper 1 · 1 mark

Q8 · 2020 · External assessmentUnclassified1 mark

QUESTION 8

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Identify the most likely outcome of the movement in interest rates discussed in the statement.

Household consumption levels in Australia would continue to rise.

Production pressures in the Australian economy would decrease.

The Australian economy would be moved from its equilibrium.

The Australian dollar would depreciate against the US dollar.

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