1. Government restrictions on drilling and fracking for oil and gas in the U.S., U.K., Australia, and elsewhere have put upward pressure on energy prices. At the same time, an RBA statement reads "Since 2020, the Reserve Bank has put in place a comprehensive set of monetary policy measures to lower funding costs and support the supply of credit to the economy". Other central banks have adopted similar measures. Discuss the potential ramifications for inflation, aggregate supply, and aggregate demand.

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