Which of the following occurs when the quantity of money in circulation in a country rises faster than the country's stock of goods and services?
A) inflation
B) credit squeeze
C) deflation
D) production surplus

Question

Quizplus · Accepted Answer

Inflation occurs when the quantity of money in circulation rises faster than the stock of goods and services; that is, when the money supply increases faster than output increases.

Which of the Following Occurs When the Quantity of Money