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Knock_Knock_Lemmy_In , 6 months ago Inflation is not growth in the money supply, It is caused by this. money supply is one way that inflation can occur, And the other is a reduction in quantity of goods and services. but the basis of inflation is the increase in nominal costs of everyday prices. No, that is the result of inflation, not the basis (reason).
Inflation is not growth in the money supply,
It is caused by this.
money supply is one way that inflation can occur,
And the other is a reduction in quantity of goods and services.
but the basis of inflation is the increase in nominal costs of everyday prices.
No, that is the result of inflation, not the basis (reason).