Why would it be a bad idea to have commodity-backed money (such as the gold standard) in a modern economy? a

Economics Jan 23, 2023

Why would it be a bad idea to have commodity-backed money (such as the gold standard) in a modern economy?

	a.	Because it would restrict the money supply and cause deflation.
	b.	Because gold and other commodities like it are far more expensive than they used to be.
	c.	It would not be a bad idea at all.
	d.	Because it would expand the money supply and cause inflation.