Resplendent quetzal Resplendent quetzal The resplendent quetzal () ("Pharomachrus mocinno") is a bird in the trogon family. It is found from Chiapas, Mexico to western Panama (unlike the other quetzals of the genus "Pharomachrus", which are found in South America and eastern Panama). It is well known for its colorful plumage. There are two subspecies, "P. m. mocinno" and "P. m. costaricensis". The resplendent quetzal plays an important role in various types of Mesoamerican mythology. It is the national bird of Guatemala, and its image is found on the country's flag and coat of arms. It also lends its name to the
Monetary inflation Monetary inflation Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services. There is general agreement among economists that there is a causal relationship between monetary inflation and price inflation. But there is neither a common view about the exact theoretical mechanisms and relationships, nor about how