Between December 2008 and August 2009, the Central Bank of South Africa cut the rate of interest from 12.5% to 7%.
What effect would this action be expected to have on economic growth and unemployment?
1 )
economic growth: decrease / unemployment: decrease
2 )
economic growth: decrease / unemployment: increase
economic growth: increase / unemployment: decrease
4 )
economic growth: increase / unemployment: increase
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