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Suppose that oil prices hit an all-time high of $200 a barrel, driving Pakistan inflation up to 12% per year. At the same time, weak
Suppose that oil prices hit an all-time high of $200 a barrel, driving Pakistan inflation up to 12% per year. At the same time, weak Pakistan growth and increasing foreign competition has generated unacceptably high levels of unemployment in the Pakistan. You are the Chair of the Federal Reserve. What do you suggest?
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