Inflation Is Impossible in a Commodity Money System

question 131

True/False

Inflation is impossible in a commodity money system.

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Definitions:

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Hierarchy of Needs

A theory in psychology proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic physiological needs to self-actualization.

Motivation

The reason or reasons one has for acting or behaving in a particular way.

McClelland's Manifest Needs

A psychological theory proposing that human motivation is primarily driven by three needs: achievement, affiliation, and power.