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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 bankA.can stabilize neither the price level nor the real GDP.B.can stabilize both the price level and the real GDP simultaneously.C.cannot stabilize both the price level and the real GDP simultaneously.Your answer is correct.D.has no responsibility to stabilize the real GDP.
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