The theory of macroeconomics which holds that increases in the money supply are a necessary and sufficient condition for inflation, is called

Related MCQs

• The process of curing inflation by reducing money supply is called -
• In a period of inflation and price rises the supply of money remains -
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• Thomas Robert Malthus (1766 – 1834) was a British economist who is remembered for his essays on population. In his which famous work he said, “Population, when unchecked, increases in a geometrical ratio. Subsistence only increases in an arithmetical ratio.”?
• "Inflation" means that money:
• The supply-side measure to control inflation is -
• Inflation occurs when aggregate supply is -
• The accumulation of idle money balances or inactive money is called:
• Given the money wages, if the price level in an economy increases, then the real wages will -
• A siuation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as -