Solved

What Was the Result of Increased Oil Prices During the 1970s

Question 128

Multiple Choice

What was the result of increased oil prices during the 1970s?


A) Aggregate demand decreased,causing cost-push inflation.
B) Aggregate demand increased,causing demand-pull inflation.
C) Aggregate supply increased,causing demand-pull inflation.
D) Aggregate supply increased,causing cost-push inflation.
E) Aggregate supply decreased,causing cost-push inflation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q123: In the United States,
A)the average inflation rate

Q124: Suppose the price levels in four successive

Q125: Which period in U.S.economic history was not

Q126: Demand-pull inflation is caused by an
A)inward shift

Q127: If the CPI in 2003 was 150

Q129: Which of the following would lead to

Q130: Exhibit 7-2 Exhibit 7-2 </p></div><svg width=

Q131: Cost-push inflation is typically caused by an
A)inward

Q132: Inflation can be caused by
A)increases in aggregate

Q133: The difference between demand-pull inflation and cost-push

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents