A country's central bank uses a complex economic model which forecasts that a 0.25% cut in the primary interest rate will lead to a 0.5% increase in GDP growth over the next year. As a policymaker reviewing this forecast, which of the following represents the most appropriate interpretation of the model's output?
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A country's central bank uses a complex economic model which forecasts that a 0.25% cut in the primary interest rate will lead to a 0.5% increase in GDP growth over the next year. As a policymaker reviewing this forecast, which of the following represents the most appropriate interpretation of the model's output?
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