If A Nation Has High And Persistent Inflation, The Most Likely Explanation Is

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If A Nation Has High And Persistent Inflation, The Most Likely Explanation Is

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The usual suspect in cases of large or persistent inflation is growth in the quantity of money. When a government's central bank creates large quantities of money, the value of that money falls, causing prices to rise and resulting in inflation. See Section: Principle 9: Prices Rise When the Government Prints Too Much Money.

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