What Do Economists Mean When They Say "Inflation Is a Monetary

question 4

Essay

What do economists mean when they say "inflation is a monetary phenomenon"?

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Definitions:

Thigh

The part of the human leg between the hip and the knee.

Abdominal Cavity

The space in the human body that houses major organs of digestion, excretion, and reproduction.

Body Cavities

Hollow spaces within the human body that house organs, including the thoracic, abdominal, and pelvic cavities.

Abdominal Cavity

A large body cavity in humans that houses many vital organs under its muscular wall.