The Statement That "Inflation Is Always and Everywhere a Monetary

question 10

Multiple Choice

The statement that "inflation is always and everywhere a monetary phenomenon" is closely associated with

• A)John Maynard Keynes.
• B)Milton Friedman.
• C)John Crow.
• D)David Dodge.
• E)Adam Smith.

---

Definitions:

Resentment

A feeling of indignation or bitterness often resulting from unfair treatment or perceived wrongs.

Jealousy

An emotional state or feeling of dissatisfaction aroused by the desire for the qualities, success, or possessions of another.

Pneumonia

A lung infection that can be caused by bacteria, viruses, or fungi, leading to inflamed air sacs filled with fluid or pus.

Sense of Control

The perception of having the power or influence over one's surroundings or the events in one's life.