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The paper by De Grauwe and Polan titled Is Inflation Always and Everywhere a Monetary Phenomenon? found: Question 3 options: There is always a strong

The paper by De Grauwe and Polan titled "Is Inflation Always and Everywhere a Monetary Phenomenon?" found:

Question 3 options:

There is always a strong relationship between money growth and inflation.

There is never a strong relationship between money growth and inflation.

The relationship between money growth and inflation is a strong one at low levels of money growth but not at high levels of money growth.

The relationship between money growth and inflation is a strong one at high levels of money growth but not at low levels of money growth.

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