what is the best answer...

Consider an oil-exporting economy in its long-run equilibrium. Given the ultimate short-run effect of an increase in international oil price on the GDP of this economy assuming much stronger effect on the demand side than on the supply side, do you advise any policies and if so of which kind? 0 I advise no policy and suggest to wait for the full effect on the GDP in this economy. 0 I advise an expansionary monetary policy on the basis that recessionary output gaps do not get corrected by internal forces of the economy due to wages being sticky downward. O I advise a contractionary fiscal or monetary policy on the basis that recessionary output gaps do not get corrected by internal forces of the economy due to wages being sticky downward' O I advise a contractionary fiscal policy on the basis that inationary output gaps do not get corrected by internal forces of the economy due to wages being sticky downward