A rise in the price level because of an increase in the price of oil
A. definitely triggers a cost-push inflation.
B. definitely triggers a demand-pull inflation.
C. might trigger a cost-push inflation.
D. might trigger a demand-pull inflation.
Answer:C
A rise in the price level because of an increase in the price of oil
A. definitely triggers a cost-push inflation. B. definitely triggers a demand-pull inflation. C. might trigger a cost-push inflation. D. might trigger a demand-pull inflation.