Author Question: When OPEC raised the price of oil, it created a: a. demand-pull inflation. b. cost-push inflation. ... (Read 76 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
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

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

For a complete list of videos, visit our video library