Inflation vs Unemployment Part 02
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The RBA is working to balance high inflation and low unemployment in Australia. While they aim to reduce inflation, they are carefully managing the trade-off with unemployment to avoid significant rises. Price stability is crucial for a well-functioning economy, enabling better decision-making and protecting the value of our money over time. The RBA's inflation target of 2.5% is key in guiding businesses, wage growth, and overall economic stability. • #RBA #InflationControl #EconomicPolicy #AustraliaEconomy #Unemployment
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