Board Member Harper Says RBA Is Focused on Inflation

The video discusses Australia's economic growth, attributing it to a mix of good luck and management. It covers the AAA rating debate, property market dynamics, and the impact of global trade shifts. The discussion highlights the importance of strong domestic policy and institutions in navigating economic challenges and maintaining growth.

What factors are attributed to Australia's quarter-century without a recession?

• Only good luck

• Neither luck nor management

• Only good management

• A mix of good luck and good management

What is the main concern regarding Australia's AAA credit rating?

• It is the sole driver of government policy

• It prevents better decision-making

• It is not a concern for the government

• It is the only factor in economic growth

Which cities in Australia are experiencing strong property price growth?

• Perth and Brisbane

• Sydney and Melbourne

• Adelaide and Canberra

• Darwin and Hobart

What is the Reserve Bank's primary focus under its current mandate?

• Property prices

• Inflation of goods and services

• Exchange rates

• Unemployment rates

How might Australia benefit from global trade shifts?

• By reducing exports

• Through trade destruction

• Via trade diversion

• By increasing tariffs