The Existence of Large Government Budget Deficits

The existence of large government budget deficits

A) offers the most convincing explanation of both moderate inflations and hyperinflations.
B) offers a convincing explanation for moderate inflations, but is less successful in explaining hyperinflations.
C) offers a convincing explanation for hyperinflations, but is less successful in explaining moderate inflations.
D) is rarely an important factor in either moderate inflations or hyperinflations.
E) is rarely an important factor in explaining any types of inflation.