When OPEC raised the price of oil, it created a:
A) demand-pull inflation.
B) cost-push inflation.
C) demand-push inflation.
D) cost-pull inflation.

Name: When OPEC raised the price of oil, it created a: A) demand-pull inflation. B) cost-push inflation. C) demand-push inflation. D) cost-pull inflation.
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Question

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OPEC raising the price of oil would result in cost-push inflation, as it would increase the cost of production for goods and services that rely on oil, leading to higher prices for consumers.

When OPEC Raised the Price of Oil, It Created A