3 ms·
Not true. If the amount of money in circulation was fixed, the fluctuating demand for it would cause its value (i.e. what goods/services it will purchase) will
by jude- 13y ago
Not true. If the amount of money in circulation was fixed, the fluctuating demand for it would cause its value (i.e. what goods/services it will purchase) will fluctuate with it.
- jswinghammer 13y agoIt does that anyway. The currency itself would be stable and there would be no guessing games about what was going on with monetary policy since there would be no policy to discuss.