Both the following figures (Figure 1 and Figure 2) have interest rate on the ve...
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Both the following figures (Figure 1 and Figure 2) have interest rate on the vertical axis. Which interest rate does the RBA target using its monetary policy (the interest rate in Figure 1 or in Figure 2)? What is the interest rate directly targeted by the RBA called? [0.5 + 0.5 mark] [max 30 word limit]
Figure 1:
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Figure 2:
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