Question: There are frequently years when the inflation rate is high and yet money growth is quite low. Therefore, statement that inflation is a monetary phenomenon

There are frequently years when the inflation rate is high and yet money growth is quite low. Therefore, statement that inflation is a monetary phenomenon cannot be correct. Comment.

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1.1. "There are frequently years when the inflation rate is high and yet money growth is quite low. Therefore, the statement that inflation is a monetary phenomenon cannot be correct." Comment.

"There are frequently years when the inflation rate is high and yet money growth is quite low. Therefore, the statement that inflation is a mone- tary phenomenon cannot be correct." Comment.

1. There are frequently years when the inflation rate is high and yet money growth is quite low. Therefore, the statement that inflation is a monetary phenomenon cannot be correct. Comment.

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