Australia's Inflation to Come Down in 2023: Mousina

Australia's Inflation to Come Down in 2023: Mousina

Assessment

Interactive Video

Business, Life Skills

University

Hard

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FREE Resource

The video discusses the economic conditions in the US and Australia, highlighting differences in wages growth and inflation. It explores the impact of interest rates on the economy, particularly in Australia, where households are sensitive to rate changes due to high debt levels. The discussion includes growth projections and the housing market, with expectations of a decline in house prices. The Reserve Bank of Australia's potential actions and their implications for economic growth are also examined.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of a wage price spiral in Australia?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expectations for house prices in Australia over the next year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the RBA's approach to the housing market reflect its economic goals?

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