Which of the following statements about the causes of inflation in the price of goods and services based on the material covered in the lecture are TRUE: A Neo-Keynesian economist would argue that a key cause is that the growth in the money supply (including credit) is growing at a faster rate than the level of production of goods and services. A Neo-Classical economist would argue that a key cause is that aggregate demand (expenditure) of goods and services is growing at a faster rate than the aggregate supply (production) of those goods and services. Question 4Answer Neither of the statements are true (both are false) Only statement 1 is true Only statement 2 is true Both statements are true (neither are false