Author Question: The inflation experienced in the United States during the 1970s as a result of OPEC oil price ... (Read 33 times)

maychende · **on:** Jun 30, 2018

The inflation experienced in the United States during the 1970s as a result of OPEC oil price increases is an example of:
a. demand-pull inflation.
b. hyperinflation.
c. cost-push inflation.
d. cyclical inflation.
e. disinflation.

Question 2

If a country finds that its Lorenz curve is moving further away from the diagonal, this means its income is becoming more unevenly distributed over time.
a. True
b. False
Indicate whether the statement is true or false