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Author Question: When OPEC raised the price of oil, it created a: a. demand-pull inflation. b. cost-push inflation. ... (Read 224 times)

rachel9

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on: Jun 30, 2018
When OPEC raised the price of oil, it created a:
 a. demand-pull inflation.
  b. cost-push inflation.
  c. demand-push inflation.
  d. cost-pull inflation.
  e. cost-push deflation.

Question 2

Currently, total private sector expenditures in the United States:
 a. remained close to one third of GDP.
  b. fell by half to 50 percent of GDP.
  c. fell by half to 65 percent of GDP.
  d. remained close to 60 percent of GDP.


javimendoza7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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