Would somebody please answer me this question?
"What would have been the likely effect of the increase in cash rate on financial markets, consumer demand and business investment?"
ALSO
"explain how the increase in interest rates would work to reduce inflation?"
NOTE: Short response please (10-15 lines)
I just need these questions answered as i am studying for a test!
"What would have been the likely effect of the increase in cash rate on financial markets, consumer demand and business investment?"
ALSO
"explain how the increase in interest rates would work to reduce inflation?"
NOTE: Short response please (10-15 lines)
I just need these questions answered as i am studying for a test!