The Organization of Petroleum Exporting Countries (OPEC) controls much of the world's production of oil. If its members decide t
o lower their daily oil production, the price per barrel can rise. This can result not only in increased gasoline prices, but a general increase in prices over much of the economy because of the increased cost of transportation and production. This inflationary end result is predicted by the economic theory of __________..
The economic theory of inflation produces an inflationary end result, where the increase of prices is due to the increased cost of transportation and production
