In which of the following years did oil price movements contribute to holding down inflation?
A)1986
B)1998
C)2001
D)All of the above.

Question

Quizplus · Accepted Answer

All of the given years (1986, 1998, and 2001) saw oil price movements contributing to holding down inflation. In 1986, oil prices fell sharply due to oversupply and reduced demand, which helped to reduce inflation. Similarly, in 1998, oil prices dropped due to a slowdown in global economic activity, which helped to limit inflationary pressures. In 2001, oil prices fell again, partly due to a global economic slowdown and partly due to increased supply from new oil-producing nations, which helped to keep inflation in check.

In Which of the Following Years Did Oil Price Movements