According to our textbook,when the growth in a country's money supply is faster than the growth in its output,_____________ is(are)fuelled.

Question

Quizplus · Accepted Answer

When the growth in the money supply is faster than the growth in output, this leads to an increase in demand without a corresponding increase in supply, causing the prices of goods and services to rise. This phenomenon is known as inflation.

According to Our Textbook,when the Growth in a Country's Money