A dramatic and sustained increase in oil prices would most likely:

a. increase demand-pull inflation.
b. decrease demand-pull inflation.
c. increase cost-push inflation.
d. decrease cost-push inflation.

c

Economics

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The first type of labor unions that emerged in the United States were

A) industrial unions. B) craft unions. C) professional unions. D) transportation unions.

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The terms scarcity and shortage are synonyms

Indicate whether the statement is true or false

Economics