What is a commodity money system?
What will be an ideal response?
A commodity money system is a monetary system in which the actual money is a commodity, such as gold or silver.
Economics
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How did the Great Depression affect economists' beliefs about the macroeconomy?
What will be an ideal response?
Economics
In order to change inflationary expectations in 1979, the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________
A) steep inflation; low unemployment B) deflation; high unemployment C) disinflation; low unemployment D) disinflation; high unemployment E) steep inflation; high unemployment
Economics