When OPEC Raised the Price of Oil, It Created A

question 67

Multiple Choice

When OPEC raised the price of oil, it created a:

• A) demand-pull inflation.
• B) cost-push inflation.
• C) demand-push inflation.
• D) cost-pull inflation.
• E) cost-push deflation.

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Definitions:

Extended Family

Refers to a family group that extends beyond the immediate nuclear family to include other relatives such as grandparents, aunts, uncles, and cousins.

Cousins

The children of one's aunt or uncle, considered one degree of consanguinity removed from oneself.

Maturation

The process of becoming mature; involves biological, psychological, or emotional changes that occur in human beings between birth and the end of adolescence.

Puberty

The developmental stage marking the onset of sexual maturity and the ability to reproduce, accompanied by physical and hormonal changes.