Multiple Choice
In the long run, inflation is caused by
A) Governments that raise taxes so high that it increases the cost of doing business and, hence, raise prices.
B) Banks that have market power and refuse to lend money.
C) None of these answers.
D) Governments that print too much money.
E) Increases in the price of inputs, such as labour and oil.
Correct Answer:
Verified
Correct Answer:
Verified
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