Formed where two oceanic plates converge, and melting of the subducted plate results in volcanoes on the overriding plate. (b) A rising plume of mantle melts and causes melting of adjacent lithosphere.

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