The Inflation Tax Is Equal To

question 92

Multiple Choice

The inflation tax is equal to:

• A)inflation multiplied by the demand for money.
• B)inflation multiplied by the nominal money supply.
• C)the money supply divided by the price level.
• D)the nominal money supply divided by inflation.

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Definitions:

Conditional

Pertaining to an agreement or provision that becomes effective only when a specific requirement or condition is met.

Breach

Engaging in behavior that breaches or disregards an established regulation, pact, or moral standard.

Injunctions

Court orders requiring an individual to do or refrain from doing a specific action.

Reformation

The process of correcting or modifying a contract to reflect the true intentions of the parties involved when the original agreement is in error.