In April 2008 the price of oil was approximately $130 per barrel; in April 2013,it was approximately $90 per barrel.This change in the price of oil could have started
A) a cost-push inflation.
B) a demand-pull inflation.
C) both a cost-push and a demand-pull inflation.
D) None of the above are correct because the fall in the price of oil does not start an inflation.
Correct Answer:
Verified
Q59: Q60: In a demand-pull inflation,if the Fed stops Q68: A leftward shift in the aggregate supply Q144: To prevent demand-pull inflation Q174: Cost-push inflation can start with Q180: Cost-push inflation might initially result from Q184: Suppose that the money prices of raw Q186: By itself, a fall in the price Q191: The initial factors that can create a Q200: Cost-push inflation starts with
A) firms must refuse
A) lower taxes.
B)
A) an
A) an increase in
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