Question: Please answer the question by computer, so i can see it clearly, thank you!!! Early estimates suggested that about 3 million barrels per day of

Please answer the question by computer, so i can see it clearly, thank you!!!

Early estimates suggested that about 3 million barrels per day of petroleum productionnearly 3% of global productionhad been effectively removed from the global oil market in the aftermath of Russia's invasion of Ukraine in February 2022, constituting one of the largest supply shortfalls since the 1970s. European Union (EU) member countries saw a substantially larger increase in price levels P than other countries P* (i.e., sticky prices do not apply) due to their strong reliance on Russian oil.

Question:

What policy actions may EU member nations' governments or the European Central Bank do to meet their current account target in the short term? Explain your answer with an AA-DD-XX diagram.

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