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Assume that oil prices increase drastically, shifting SRAS to the left. To offset the effects of this shock on the economy assume that monetary policy

Assume that oil prices increase drastically, shifting SRAS to the left. To offset the effects of this shock on the economy assume that monetary policy decreases AD. By following this policy, what variable is monetary policy trying to control?

Question 23 options:

net exports

real GDP

prices

government expenditures

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