A Rise in the Price Level Because of an Increase

question 301

Multiple Choice

A rise in the price level because of an increase in the price of oil

• A) might trigger a demand-pull inflation.
• B) might trigger a cost-push inflation.
• C) definitely triggers a cost-push inflation.
• D) definitely triggers a demand-pull inflation.

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Definitions:

Advanced Marginality

A concept describing the extreme social exclusion and isolation experienced by individuals in impoverished urban areas, often due to systemic inequalities.

Spatial and Social Segregation

The division of people or groups into different geographic areas and social settings based on characteristics such as race, income, or religion.

Economic Prosperity

A state of flourishing, success, or good fortune, particularly in terms of financial wealth or business growth.

Relocation Programs

Initiatives or policies aimed at moving individuals, families, or communities from one location to another, often for purposes of development or in response to crises.