"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-class Saudi family at the checkout counter of the Al-Othaim supermarket....Saudi Arabia is enjoying an unprecedented economic boom ...as sectors [have] increased activity to meet the big internal demand." www.ft.com,1/18/2008
The story describes
A) cost-push inflation.
B) demand-pull inflation.
C) a rightward shift in the short-run Phillips curve.
D) stagflation.
Correct Answer:
Verified
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