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The most effective way of countering the detrimental effects of the rapid increase in oil price are through macroeconomic policies. However the use of monetary policy in this scenario may have varying effects. If the government attempts to reduce the inflation, unemployment, the expansionary monetary policy will be an appropriate choice...
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The most effective way of countering the detrimental effects of the rapid increase in oil price are through macroeconomic policies. However the use of monetary policy in this scenario may have varying effects. If the government attempts to reduce the inflation, unemployment, the expansionary monetary policy will be an appropriate choice...
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