Inflation is a _____________ phenomenon.

Name: Inflation is a _____________ phenomenon.
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Question

Quizplus · Accepted Answer

Inflation refers to the rise in the general price level of goods and services in an economy over a period of time. This rise in prices is closely associated with monetary factors such as an increase in the money supply or a decrease in interest rates. Therefore, inflation is a monetary phenomenon as it is caused by excessive growth in the money supply relative to the economy's output.

Inflation Is a _____________ Phenomenon