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In April 2008 the Price of Oil Was Approximately $130

Question 278

Multiple Choice

In April 2008 the price of oil was approximately $130 per barrel; in April 2017, it was approximately $50 per barrel. This change in the price of oil could have started


A) a cost-push inflation.
B) a demand-pull inflation.
C) both a cost-push and a demand-pull inflation.
D) None of the above answers are correct.

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