According to the monetarists, inflation is primarily caused by an increase in the money supply.

Name: According to the monetarists, inflation is primarily caused by an increase in the money supply.
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Monetarists believe that inflation is primarily caused by an increase in the money supply, as excess money chasing the same amount of goods and services leads to a rise in prices. This view is in contrast to other theories of inflation, such as cost-push inflation and demand-pull inflation.

According to the Monetarists, Inflation Is Primarily Caused by an Increase