In the Long Run, the Major Cause of Inflation Is

question 58

True/False

In the long run, the major cause of inflation is excessive government spending.

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Definitions:

Mores

The customs, norms, and behaviors that are considered morally significant or obligatory in a particular society, guiding moral and ethical conduct.

Sanction

Actions that are taken to enforce rules, consisting of penalties for noncompliance or incentives for compliance.

Taboos

Social or cultural practices that are prohibited or restricted by societal norms.

Mores

Strongly held norms or customs considered vital to the functioning of a society, often embodying its moral views and principles.