Consider the Statement "Inflation Is Everywhere and Always a Monetary

question 92

Multiple Choice

Consider the statement "Inflation is everywhere and always a monetary phenomenon." This statement does not hold true

• A)as long as demand and supply shocks are validated by expansionary monetary policy.
• B)if the economy's adjustment process is working effectively.
• C)for temporary bursts of inflation that are not accompanied by a monetary expansion.
• D)as long as the AD curve is shifting to the right at the same rate as the AS curve is shifting to the left.
• E)in industrialized economies.

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