Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


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

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

Economics

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.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE