Inflation is always and everywhere a monetary phenomenon, but deflation is not. Comment.

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“Inflation is always and everywhere a monetary phenomenon, but deflation is not." Comment.

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:46 AM

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Inflation is always and everywhere a monetary phenomenon, but deflation is not. Comment.

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The basic mechanism by which an increase in money supply causes inflation is captured with the AEPC ...View the full answer

Money Banking and Financial Markets

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