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11 Dec 2019
All of the following are potential problems with adopting the gold standard except:
(i) It would eliminate the government's ability to conduct fiscal policy.
(ii) It would eliminate the government's ability to conduct monetary policy.
(iii) Gold has no intrinsic value, so the system would be no more stable than our current system.
(iv) The world's need for more money may increase faster than the supply of gold.
All of the following are potential problems with adopting the gold standard except:
(i) It would eliminate the government's ability to conduct fiscal policy.
(ii) It would eliminate the government's ability to conduct monetary policy.
(iii) Gold has no intrinsic value, so the system would be no more stable than our current system.
(iv) The world's need for more money may increase faster than the supply of gold.
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Irving HeathcoteLv2
17 Mar 2020