Question 15 (1 point) Which of the following is a CORRECT statement regarding inflation? Historically, contractionary monetary policy has been used to deal with inflation Historically, expansionary monetary policy has been used to deal with inflation O According to Monetarists, the root cause of inflation over the long run is that the GDP grows at a faster rate than money supply The Demand pull model wiows higher wages as a cause of inflation evious Pape Page 15 of 42 Now Page

Question 15 ( 1 point) Which of the following is a corpecr statement regarding innation