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Stimulate the australian economy using the channels

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Reference no: EM132527462

"The Reserve Bank has cut interest rates to a record low 0.25 percent and announced extraordinary measures to help prevent a coronavirus-driven recession"

Briefly explain how the Reserve Bank of Australia's recent interest rate cuts assist to stimulate the Australian economy using the channels by which monetary policy ripples through the economy (use diagrams to support your explanation).

Reference no: EM132527462

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