What Is Meant by the Expression, "There Is Too Much

Multiple Choice

What is meant by the expression, "There is too much money chasing too few goods"?

A) People spend too much time chasing after money.
B) An expansion in the supply of money relative to the availability of goods and services is causing an increase in the general level of prices.
C) The value of money will tend to decline when the supply of gold increases.
D) People would be better off if the monetary authorities increased the supply of money more rapidly.