Description of what can cause inflation

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Reference no: EM13860765

Which of the following is not an accurate description of what can cause inflation?

a. too many dollars chasing too few goods.

b. an increase in labor costs when productivity is not increasing.

c. an increase in the price of fruits and vegetables even when meat prices are declining.

d. the level of spending exceeds the level of production at full employment.

Reference no: EM13860765

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