Read the media release, "Statement by Philip Lowe, Governor: Monetary Policy Decision" by the Reserve Bank of Australia (Link:
https://www.rba.gov.au/media-releases/2022/mr-22-12.html) and
answer the questions.
According to the article, "Household and business balance sheets are generally in good shape, an upswing in business investment is underway and there is a large pipeline of construction work to be completed. Macroeconomic policy settings remain supportive of growth and national income is being boosted by higher commodity prices."
This implies that consumption would_____
investment would______and exports would
_________leading to the
________curve shifting to the
________The result would be
_________in GDP, ____prices and
__________in unemployment.