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NYC NYC
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8 years ago
In the country of Kaboom, the government doubled the money supply overnight. As a result of this action, the price of a gallon of milk increased from 3 Kaboomian dollars to 200 Kaboomian dollars. This is an example of:
A) currency debasement.
B) a change from commodity money to fiat money.
C) deflation.
D) a change in the legal tender.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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#3
6 years ago
thank you!
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