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Suppose that there is a? temporary, but significant increase in oil prices in an economy with an? upward-sloping SRAS curve. As a policy response to this? short-lived but sudden increase in oil? prices, a central bank A. can stabilize neither the price level nor the real GDP. B. has no responsibility to stabilize the real GDP. C. cannot stabilize both the price level and the real GDP simultaneously. D. can stabilize both the price level and the real GDP simultaneously.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996843

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