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.

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Definitions:

Complex Emotions

These are nuanced emotions that arise from the combination of basic emotions and involve a more complex cognitive processing, reflecting the intricacies of human experiences.

Memory-Based Judgements

Decisions or evaluations made based on information or experiences stored in memory.

Impressions of People On-Line

The formation of opinions or judgments about people based on their online presence or behavior.

Incoming Data

Information or sets of data that are received by a system or individual, which can then be processed or analyzed.