When OPEC raised the price of oil, it created a: a. demand-pull ...

[rachel9]

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]

Answer to Question 1

b

Answer to Question 2

d