4. Consider how the following situations would affect the economys monetary system. a. Suppose that the people

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4. Consider how the following situations would affect the economy’s monetary system.

a. Suppose that the people on Yap discovered an easy way to make limestone wheels. How would this development affect the usefulness of stone wheels as money? Explain.

b. Suppose that someone in the United States discovered an easy way to counterfeit $100 bills.

How would this development affect the U.S.

monetary system? Explain.

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Principles Of Macroeconomics

ISBN: 9780324171891

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 07:01 AM

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4. Consider how the following situations would affect the economys monetary system. a. Suppose that the people

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Principles Of Macroeconomics

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