Large or Persistent Inflation Is Almost Always Caused by

question 79

Multiple Choice

Large or persistent inflation is almost always caused by

• A) excessive government spending.
• B) excessive growth in the quantity of money.
• C) foreign competition.
• D) higher-than-normal levels of productivity.

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Definitions:

Quantum Meruit

A legal principle allowing one to recover reasonable value of services rendered when no contract exists or when a contract is unenforceable.

Gratuitous Promise

A promise made without expecting anything in return, lacking the legal enforceability of a contract due to the absence of consideration.

Binding Contract

An agreement that is legally enforceable in a court of law, holding parties to their promises.

Authenticate

The process of proving or validating the authenticity of something, often through verification of its origin or identity.