What Was the Result of Increased Oil Prices During the 1970s

question 86

Multiple Choice

What was the result of increased oil prices during the 1970s?

• A)Aggregate demand decreased,causing cost-push inflation.
• B)Aggregate demand increased,causing demand-pull inflation.
• C)Aggregate supply increased,causing demand-pull inflation.
• D)Aggregate supply increased,causing cost-push inflation.
• E)Aggregate supply decreased,causing cost-push inflation.

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