How does Austrian theory define inflation? a. As an increase in consumer prices of less than 2%
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Question:
How does Austrian theory define inflation?
a. As an increase in consumer prices of less than 2%
b. As an increase in the money supply
c. As an increase in consumer prices
d. As an increase in the general price level
Expert Answer:
ANSWER b As an increase in the money supply An increase in the supply of money works both through lo... View the full answer
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