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vellojo vellojo
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7 years ago
A one-time increase in oil prices without any following change in aggregate demand produces
A) demand-pull inflation.
B) a one-time fall in the price level.
C) an increase in the money wage rate that exceeds the percentage increase in the price level.
D) stagflation.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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