During the 1970s, the Organization of Petroleum Exporting Countries (OPEC)

question 66

Multiple Choice

During the 1970s, the Organization of Petroleum Exporting Countries (OPEC) sharply increased the price of oil which triggered higher inflation rates in Australia. This type of inflation is best classified as:

• A) pseudo-inflation.
• B) demand-pull inflation.
• C) cost-push inflation.
• D) hyperinflation.

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Definitions:

Telephone Numbers

Unique sequences of digits assigned for communication over telephone networks, essential for identifying participants in studies involving telephonic surveys.

Volunteer Sample

A sampling technique where participants are selected based on their willingness to volunteer, potentially leading to biased results.

Activism

The practice of campaigning or taking action to bring about political or social change.

Random Sampling

A method of sampling where every element of the population has an equal chance of being selected.