The Finance Minister of India, in one of his speeches,said that "the current high inflation is not because of monetary expansion but due to supply-side bottlenecks in certain essential commodities". This means that the Finance Minister is of the view that
(A) the liquidity position in market is quite comfortable these days.,
(B) inflation being experienced these days is not costpush inflation.
(C) markets are flooded with luxury goods but essential commodities are definitely in short supply.
