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d. Now think about an oil-importing country. What is the likely immediate effect of the news (about the drop in global oil prices) on the

d. Now think about an oil-importing country. What is the likely immediate effect of the news (about the drop in global oil prices) on the oil-importing country's inflation? How would the news therefore change the expected course of action by the country's central bank? Explain. [1 line]

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