The Classical Theory of Inflation

question 136

Multiple Choice

The classical theory of inflation:

• A) describes a long-run equilibrium.
• B) explains the direct relationship between money supply and the price level.
• C) shows the neutrality of money in the long run.
• D) All of these statements are true.

---

Definitions:

Erving Goffman

A Canadian-American sociologist known for his studies in the field of symbolic interactionism, particularly in the areas of self-presentation, social interaction, and the construction of social reality.

Stigmatized Individuals

Individuals who are negatively stereotyped based on characteristics considered to be socially unacceptable or inferior, leading to prejudice and discrimination.

Deviant Behavior

Actions or behaviors that violate the social norms or values of a group or society.

Norms of The Powerful

The standards and behaviors promoted and maintained by those in dominant positions in society, often reflecting and perpetuating their interests.