An increase in the price of imported oil, ceteris paribus, would lead to: (3 marks) (a) A demand-pull inflation and a ri
Posted: Thu May 19, 2022 7:37 am
An increase in the price of imported oil, ceteris paribus, would lead to: (3 marks) (a) A demand-pull inflation and a rightward shift of the aggregate demand. (b) A cost-push inflation and a rightward shift of the aggregate supply. (c) A demand-pull inflation and a leftward shift of the aggregate demand. (d) A cost-push inflation and a leftward shift of the aggregate supply.