It Is Often Said That Inflation Is a "Monetary Phenomenon

question 104

Multiple Choice

It is often said that inflation is a "monetary phenomenon." The most accurate interpretation of this phrase is that

• A)the price level cannot rise without an increase in the money supply.
• B)a continuous rise in prices is possible only with continuing increases in the money supply.
• C)only an increase in the money supply can start a period of inflation.
• D)repeated supply shocks cannot drive up prices if there is no monetary validation.
• E)increases in the price level are always associated with increases in the money supply.

---

Definitions:

BBS Productions

A film production company known for its involvement in the New Hollywood movement, producing films like "Easy Rider."

Independently Produced

Films made outside of the major film studio system, often characterized by lower budgets, creative control by the filmmakers, and innovative storytelling techniques.

Italian American

A citizen of the United States of American descent who has Italian ancestry, contributing to the cultural and social fabric of American society.

Academy Award

Prestigious awards presented annually by the Academy of Motion Picture Arts and Sciences to recognize excellence in cinematic achievements.