krnofdrg
Mq Law Student :)
hey guys...i realised for my trials i accidentally got the contractionary and expansionary stance around wrong =.= for the monetary policy.
i said expansionary was to increase the cash rate by the rba
and contractionary to reduce the cash rate =.=
when its the opposite around.........
how much marks do you think the teacher will deduct in my report??? although i did mention that cutting the cash rate would impact on boosting economic growth and other elements.. and by increasing the cash rate it would dampen the economy and etc..
ty