In the original Austin Powers, Dr. Evil is cryogenically frozen for thirty years (from the late 1960s to the late 1990s). Upon his return he hatches a plan to extort one million dollars from various world governments. His henchmen are unimpressed. What type(s) of inflation have made Dr. Evil's proposed blackmail amount seem too small?
A) cost-push inflation
B) demand-pull inflation
C) both cost-price and price-pull inflation
D) both cost-push and demand-pull inflation

Question

Quizplus · Accepted Answer

Both cost-push and demand-pull inflation would have made Dr. Evil's proposed blackmail amount seem too small. Cost-push inflation would have increased the cost of his operations, making the amount he needs to extort higher. Demand-pull inflation would have increased the overall price level, making one million dollars worth less than it was thirty years earlier.

In the Original Austin Powers, Dr