it is general belief that inflation in West Africa is caused by all the factors listed below except

It is a general belief that inflation in West Africa is not caused by a decrease in money supply. Inflation is a general rise in the price level of goods and services over time, resulting in a decrease in the purchasing power of money. Excessive bank lending, budget deficits, rising incomes, and a shortage of supply are factors that could increase the money supply in an economy, leading to inflation. However, a decrease in the money supply could lead to deflation, which is a general decrease in the price level of goods and services. Deflation is the opposite of inflation, and it is caused by a reduction in the money supply or a decrease in the demand for goods and services. Therefore, a decrease in the money supply is not a factor that causes inflation in West Africa. Instead, excessive bank lending, budget deficits, rising incomes, and a shortage of supply are factors that could increase the money supply, leading to inflation in the region.