According to the Quantity Theory of Money,inflation Is Caused by

question 110

Multiple Choice

According to the quantity theory of money,inflation is caused by

• A)the money supply growing slower than real GDP.
• B)GDP growing faster than the money supply.
• C)GDP growing at the same rate as the money supply.
• D)the money supply growing faster than real GDP.

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Definitions:

Major Product

The primary product of a chemical reaction that is formed in the greatest quantity compared to other products.

Phthalic Acid

An aromatic dicarboxylic acid, with formula C6H4(CO2H)2, it is used as a precursor to other chemicals such as dyes, perfumes, and plastics.

Acid Derivative

A compound obtained by replacing one or more of the hydroxyl groups of an acid with an organic group.

Anhydride

A compound formed from the removal of water molecules between two carboxylic acid molecules.