The Quantity Theory of Money Can Explain Hyperinflations but Not

question 82

True/False

The quantity theory of money can explain hyperinflations but not moderate inflation.

---

Definitions:

Neglect

The failure to provide for or attend to someone's needs, care, or wellbeing.

Low-income

A term describing individuals or families that earn significantly less than the average income, often leading to limited access to resources and opportunities.

Middle-income

refers to individuals, families, or countries that fall between the economic classification of poor and wealthy, often characterized by moderate living standards and financial stability.

High-income

Refers to individuals or households that earn significantly above the average income level.