In the Classical view, inflation is the result of
A) excessive monetary growth.
B) speculation.
C) government spending.
D) natural disasters.

Question

Quizplus · Accepted Answer

According to the Classical view of inflation, inflation is caused by excessive monetary growth. This means that when there is too much money in circulation, but the supply of goods and services remains the same, the value of money decreases, resulting in inflation. Therefore, choice A is the best answer.

In the Classical View, Inflation Is the Result of