Large or persistent inflation is almost always caused by

A) excessive government spending.
B) excessive growth in the quantity of money.
C) foreign competition.
D) higher-than-normal levels of productivity.

Persistent Inflation

Sustained increase in the general price level of goods and services in an economy over a period of time.

Excessive Government Spending

The situation where government expenditures significantly exceed revenue, leading to budget deficits and potential economic issues.

Quantity of Money

The total amount of money available in an economy at a specific time, including currency, coins, and balances in bank accounts.