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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Money makes trade easier. Would having a money supply twice as large as it currently is make trade twice as easy? Would having a money supply half its current size make trade half as easy?

To determine

Identify role of money to make the trade easier.

Explanation

The greatest acceptability of money makes trade easier. Although, easiness of trade as per the changes in the money supply is determined by the demand for and supply of money for the transactions. If the demand for money is higher than the supply of money, then doubling the money supply will help the trade easier. Otherwise, if there is enough money supply to meet the demand for money, then the additional increase in the money supply have not that impact on the transactions...

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