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.
Answer: B
Economics
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Some economists argue that
A) discretionary monetary policy is ineffective because of its long identification lag. B) discretionary fiscal policy is ineffective because of its long recognition lag. C) discretionary monetary policy is ineffective because of its long implementation lag. D) discretionary fiscal policy is ineffective because of its long implementation lag.
Economics
Why is a monopoly inefficient?
What will be an ideal response?
Economics