The View That Inflation Is Caused by Excessive Growth in the Money

question 35

Multiple Choice

The view that inflation is caused by excessive growth in the money supply is known as the _____ school of economic thought.

• A) inflationary
• B) Keynesian
• C) monetarist
• D) reserve

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Definitions:

Selling Price

The amount a buyer pays to purchase a product or service from a seller.

Variable Expense

Costs that vary depending on a company's production volume or activity level.

Target Profit

The anticipated profit figure set by a business for a given period, often guiding pricing and production decisions.

Monthly Fixed Expense

Expenses that do not vary with production volume or business activity level, incurred on a monthly basis.