WAS
GE
1
AT THE
SEL
BUL
Image courtesy of NASA
Sea.
sed
The arrow labeled with the number 1 on the map above is pointing to the
A. Baltic
B. North
C. Aegean

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