Some questions about IA3 Seen stimulus

What was the cash rate set by the RBA on 5 October 2022?

• 2.35

• 2.60

• 2.85

• 3.10

According to the media release by Philip Lowe, what was the main reason for increasing the cash rate in May 2022?

• To support the labor market

• To withdraw monetary support

• To increase unemployment

What was one of the economic challenges mentioned in the 2022 recap by Shane Oliver?

• Decrease in energy prices

• Inflation at record lows

• Geopolitical tensions with war in Ukraine

• Decrease in interest rates

What trend is shown in the Consumer Price Index (CPI) graph from December 2015 to December 2024?

• A steady decrease

• A sharp increase followed by stabilization

• No significant change

• A consistent increase

What change occurred to the cash rate on the 4 May 2022

• -0.25

• +0.15

• +0.25

• +0.50

What was the trend in personal savings as a percentage of income from 2020 to 2024?

• Increasing steadily

• Decreasing steadily

• Fluctuating with a general decline

• Remaining constant

According to the household consumption graph, what was the impact of COVID-19 on consumption levels?

• Consumption levels increased sharply

• Consumption levels decreased sharply

• Consumption levels remained unchanged

• Consumption levels followed the pre-COVID trajectory

What significant event occurred on 23 March 2020 according to the COVID-19 timeline?

• First COVID case detected in Australia

• Nationwide lockdowns began

• Borders closed to non-residents

• First COVID vaccines administered

What is the general trend of the unemployment rate from January 2015 to January 2023 according to Source 4a?

• Increasing steadily

• Decreasing steadily

• Fluctuating with a peak around 2020

• Remaining constant

According to Source 4b, what was the population growth trend from 2007 to 2024?

• Constant growth

• Declining growth

• Fluctuating growth with a recent increase

• No growth