Multiple Choice
A once-and-for-all increase in the price of a raw material,such as crude oil,will
A) not be inflationary,because this is,simply,"high prices."
B) have a short-run inflationary effect and reduces employment.
C) have no effect on inflation because this is the price of a raw material,not a final good.
D) both A and C are correct
Correct Answer:
Verified
Correct Answer:
Verified
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