To say that inflation is a monetary phenomenon seems to beg the question
A)Why does inflationary monetary policy occur?
B)Why do politicians seek reelection?
C)Why is the Fed independent?
D)Why does the U.S. Treasury print so much money?

Question

Quizplus · Accepted Answer

The statement "inflation is a monetary phenomenon" suggests that inflation occurs due to monetary factors such as the money supply, interest rates, and government policies. However, it does not address the underlying reasons why these monetary factors lead to inflation. Therefore, the question of why inflationary monetary policy occurs is still relevant and needs to be answered to fully understand the causes of inflation.

To Say That Inflation Is a Monetary Phenomenon Seems to Beg