Article 3 alludes to rates needing to rise in order for unemployment to rise, and that demand has been contributing to the rising cost of living. It implies that the economy is operating [ Select ] . If the RBA raised rates, this would cause the aggregate demand curve to [ Select ] , the short run aggregate supply to [ Select ] and the long run aggregate supply to [ Select ] . The labour market would then [ Select ] as workers would have [ Select ] bargaining power. Inflationary expectations would [ Select ] and the economy would [ Select ] .