After coming to power in 1949, the communist government of china a. relaxed controls on industries. b. focused on reducing industrial output because of pollution. c. protected human rights. d. used governmental controls to boost industrial output

Which of the following statements best describes the quantity theory of inflation? a. inflation occurs because production cost rise and this cost increase is passed on to consumers in the form of higher prices b. inflation occurs because there is too much money in the economy c. inflation occurs because demand of good and services exceeds existing supplies d. none of these