A Rise in the Price Level Because of an Increase

question 23

Multiple Choice

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

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

---

Definitions:

Cell Phones

Portable electronic devices used for communication, including voice calls, text messaging, and Internet access.

Restaurant

A restaurant is an establishment where meals are prepared and served to customers in exchange for money, offering a variety of cuisines and dining experiences.

Knowledge Structures

Mental frameworks or organized patterns of thought that individuals use to process, store, and retrieve information.

Scripts

Predefined sequences or schemas to perform tasks or roles, often applied in behavioral psychology and programming.