The Quote "Inflation Is Always and Everywhere a Fiscal Phenomenon

question 98

Multiple Choice

The quote "Inflation is always and everywhere a fiscal phenomenon" is attributed to:

• A) Adam Smith.
• B) Thomas Sargent.
• C) Karl Marx.
• D) Alan Greenspan.
• E) David Ricardo.

---

Definitions:

Heat

A form of energy that is transferred between systems or objects with different temperatures, moving from the system of higher temperature to the system of lower temperature.

Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.

Swelling

The enlargement or distention of a part of the body as a result of inflammation or accumulation of fluid.

Skin Wound

An injury to the skin that breaks its continuity, ranging from minor cuts or abrasions to deep lacerations.