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Some economists have called for a return to the gold standard (as a reminder, this would mean that every dollar would be backed by a certain amount of gold and, therefore, the money supply would be determined by the amount of gold owned in the country instead of the amount determined by the Federal Reserve). What would be the effects, both positive and negative, of taking away the Federal Reserve's control of the money supply and returning the nation to a gold standard?

Microeconomics, Economics

  • Category:- Microeconomics
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