Suppose that there is a​ temporary, but significant increase in oil prices in an economy with an​ upward-sloping SRAS curve. As a policy response to this​ short-lived but sudden increase in oil​ prices, a central bankA.can stabilize neither the price level nor the real GDP.B.can stabilize both the price level and the real GDP simultaneously.C.cannot stabilize both the price level and the real GDP simultaneously.Your answer is correct.D.has no responsibility to stabilize the real GDP.

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