Explain why the rise in oil prices in 2008 created a particularly difficult situation for federal reserve policymakers. instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click the option twice to empty the box. the financial crisis increased economic uncertainty. unanswered the fed could not simultaneously combat inflation without damaging economic growth. unanswered higher oil prices put upward pressure on inflation.