5) Answer all questions regarding the oil price shocks using the graph below a) What would happen if imported oil prices jumped up in the short run? b) Explain as to how the government solve the problem occurred in a) (changes in output), using fiscal policy and monetary policy. And explain the problems of the policies responding oil price shocks. c) Now if the central bank pursues a policy of disinflation to reduce inflation rather than output oriented, what will happen to inflation and unemployment from short run to long run? Explain it with a graph below