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A large oil spill in the Gulf of Mexico forces US corporations to buy more oil and gas from suppliers further away and forces maritime
A large oil spill in the Gulf of Mexico forces US corporations to buy more oil and gas from suppliers further away and forces maritime traffic to be directed around the Gulf, delaying shipments by several days and forcing companies to work overtime to compensate. If prices rise, what is this an example of?
a. Demand-pull inflation
b. Cost-push inflation
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