- 12 After The Oil Price Shock The Central Bank Wants To Reduce Inflation Back To Its Original Level I How Can The Cen 1 (19.33 KiB) Viewed 33 times
12. After the oil price shock, the central bank wants to reduce inflation back to its original level, ī. How can the cen
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12. After the oil price shock, the central bank wants to reduce inflation back to its original level, ī. How can the cen
12. After the oil price shock, the central bank wants to reduce inflation back to its original level, ī. How can the central bank achieve this objective? Must unemployment increase for the economy to return to the steady state with n = īT?