"Inflation Gives Saudis Food for Thought"
"My boss sent me back to return the milk - it's too expensive," said the Pakistani driver for a middle Saudi family at the checkout counter of the Al- Othaim supermarket. Saudi Arabia is enjoying an
Unprecedented economic boom fueled by record oil prices, ...as sectors [have] increased activity to the big internal demand."
HYPERLINK "http://www.ft.com/" www.ft.com, 1/18/200
The type of inflation described in the story
A) starts with an increase in aggregate demand.
B) starts with a decrease in aggregate demand.
C) begins with stagflation.
D) is the result of money wage rate spiral.
Correct Answer:
Verified
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