Which of the following would likely cause demand-pull inflation?(1 point)
Responses
a world wide recession causes a decline in consumer spending
a world wide recession causes a decline in consumer spending
An increase in the price of oil has reduced supply of all goods a services that use oil as an input
An increase in the price of oil has reduced supply of all goods a services that use oil as an input
The purchasing power of consumers increases due to a stimulus check from the US government
The purchasing power of consumers increases due to a stimulus check from the US government
a tornado destroys factories and lowers the supply levels throughout the economy