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Author Question: In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. ... (Read 157 times)

EY67

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on: Jun 30, 2018
In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of :
 a. the quantity theory of money.
  b. Gresham's law.
  c. Say's law.
  d. the Walrasian auctioneer.
  e. none of the above.

Question 2

During the 1990s, the nominal price of crude oil ____ and the real price ____.
 a. leveled off; fell
  b. fell; leveled off
  c. rose; fell
  d. fell; rose


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Ksh22

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b. Gresham's law.

Answer to Question 2

a. leveled off; fell


EY67

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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