=+In the modern world, central banks are free to increase or reduce the money supply as they

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=+In the modern world, central banks are free to increase or reduce the money supply as they see fit. However, some people harken back to the “good old days” of the gold standard.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 08, 2024 08:01 AM

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=+Under the gold standard, the money supply could expand only when the amount of available gold increased.
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=+In the modern world, central banks are free to increase or reduce the money supply as they

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Economics

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