Inflation happens when money supply increases more than the value of the goods t...

paulryanrogers · 2024-11-07T03:34:10 1730950450

So if money supply stayed the same but a crisis reduced the supply of goods, while demand increased, then those raising prices are ... not inflation?

seanmcdirmid · 2024-11-07T06:22:55 1730960575

Say Price = Money supply / value of goods

If price goes up then inflation, if price goes down then deflation. If value of good goes down and money supply stays the same, inflation.