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November 26, 2014

Homework Help: Macroeconomics

Posted by Tony on Monday, August 30, 2010 at 4:12pm.

Suppose that there is a temporary, but significant,increase in oil prices in an economy with an upward-sloping SRAS curve. If policy makers wish to prevent the equilibrium price level from changing in response to the oil price increase, should they increase or decrease the quantity of money in circulation? Why

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