According to institutionally-focused economists,
A)the direction of causation goes from MV to PQ.
B)asset inflation is a phenomenon that cannot occur.
C)inflation is double the rise in money supply.
D)price-setting conventions by institutions are the source of inflation.

Question

Quizplus · Accepted Answer

Institutionally-focused economists argue that inflation is often a result of price-setting conventions by institutions, rather than simply changes in money supply or demand. They emphasize the role of wage and price controls, market structures, and other institutional factors in influencing inflation rates.

According to Institutionally-Focused Economists