a pretty narrow definition of inflation
Posted on: July 11, 2022 at 10:48:57 CT
tigerinhogtown STL
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inflation is ONLY the increase in money supply
so if money supply is held constant, prices would never change...except that supply and demand cause changes in prices, if prices go up what is it called if not price inflation?
A limit on the amount of oil that can be refined due to facilities will result in not enough supply to meet demand, gas prices go up, as well as prices for everything that depends on the gas to transport those goods. By your definition that is not inflation...give me a word that I can use to discribe that price inflation