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caillacakes caillacakes
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5 years ago

Question 1.

Assume that in the country of Salmon, the government tripled the money supply overnight. As a result of this action, the price of a loaf of bread increased from 1 bill to 100 bills. This is an example of



▸ a change in the legal tender.

▸ a change from commodity money to fiat money.

▸ currency debasement.

▸ deflation.

Question 2.

Currency held outside banks + demand deposits + travelers checks + other checkable deposits =



▸ M3.

▸ M2 - M1.

▸ M3 - M1.

▸ M1.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Curtis x.Curtis x.
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5 years ago
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caillacakes Author
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5 years ago
Good timing, thanks!
riptide
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Yesterday
Correct Slight Smile TY
prime7105
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2 hours ago
Smart ... Thanks!
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