Most economists believe that _______ is a purely _______ phenomenon.
A) deflation; fiscal
B) unemployment; monetary
C) hyperinflation; monetary
D) inflation; fiscal

Question

Quizplus · Accepted Answer

Hyperinflation is generally believed to be a purely monetary phenomenon, meaning that it is caused by the excessive creation of money that leads to a sharp increase in prices. Deflation and inflation can also be influenced by monetary factors, but they can also be affected by fiscal policies such as taxes and government spending. Unemployment is generally considered to be a multifactorial issue, affected by both monetary and fiscal policies as well as other structural factors.

Most Economists Believe That _______ Is a Purely _______ Phenomenon

Most Economists Believe That _ Is a Purely _ Phenomenon