Inflation Can Only Be Caused by an Increase in Aggregate

question 19

True/False

Inflation can only be caused by an increase in aggregate demand.

---

Definitions:

Event W

A specific occurrence or situation, often designated "W" for identification purposes in statistical or probabilistic contexts.

Probability

A numeric scale from 0 to 1 indicating how probable it is for an event to occur.

Outcomes

The possible results or consequences of an action, experiment, or process.

Classical Probability

Classical probability is a theoretical probability calculation based on the assumption that all outcomes are equally likely and there are a finite number of outcomes.