Consider the water that falls as rain or that melts from snow in central pennsylvania and that does not evaporate from trees or in other ways soon after falling. what happens to this non-evaporated water?

Which of the following statements best describes the quantity theory of inflation? a.inflation occurs because production cost rise and this cost increase is passed on to consumers in the form of higher prices b. inflation occurs because there is too much money in the economy c. inflation occurs because demand of good and services exceeds existing supplies d. none of these