If inflation accelerates due to the increase in the price of oil (an import), the best policy to combat such inflation in a country with a high unemployment rate, would be to...

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respond with demand management policy that will increase aggregate demand, which will be illustrated by a rightward shift of the AD curve.

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apply the supply-side policy that will increase aggregate supply, which will be illustrated by a rightward shift of the AS curve.

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apply incomes policy, illustrated by a leftward shift of the AS curve.

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implement contractionary monetary policy, illustrated by the rightward shift of the AD curve.

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If inflation accelerates due to the increase in the price of oil (an import), th...

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