A One-Time Increase in the Price of Oil Followed by a One-Time

question 248

Multiple Choice

A one-time increase in the price of oil followed by a one-time increase in aggregate demand produces

• A) continuing cost-push inflation.
• B) continuing demand-pull inflation.
• C) a one-time decrease in the price level.
• D) a one-time increase in the price level.

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Definitions:

Consumers

Individuals or groups who purchase goods and services for personal use or consumption.

M-commerce

Describes the conducting of commercial transactions using mobile devices, emphasizing the growing trend of using smartphones for shopping and payments.

Web Developer

A professional who specializes in the development of websites and web applications, focusing on aspects such as design, functionality, and user experience.

Smartphones

Mobile phones that offer advanced features beyond making calls and sending text messages, including internet access, apps, and multimedia capabilities.