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"Inflation Gives Saudis Food for Thought"“My boss sent me back to return the milk – ...

vellojo

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7 years ago

"Inflation Gives Saudis Food for Thought"“My boss sent me back to return the milk – ...

"Inflation Gives Saudis Food for Thought"
“My boss sent me back to return the milk – it’s too expensive,” said the Pakistani driver for a middle-class Saudi family at the checkout counter of the Al-Othaim supermarket. ... Saudi Arabia is enjoying an unprecedented economic boom fuelled by record oil prices, ...as sectors [have] increased activity to meet the big internal demand. "
www.ft.com, 1/18/2008

The story describes
A) a rightward shift in the short-run Phillips curve.
B) demand-pull inflation.
C) cost-push inflation.
D) stagflation.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

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Studying economics @ Edinburgh U

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ukrania

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vellojo Author

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7 years ago

Thank you for this

Comes at the right time too!

Good luck on your exams

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Studying economics @ Edinburgh U

ukrania

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7 years ago

Thanks

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Dream it.

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Do it.

Joseph G.

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3 years ago

Thanks

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