A. good drives out bad money
B. bad money drives out good money
C. the value of money varies inversely with the price level
D. gold must be available to maintain the price of paper money
Correct Answer:
Option B – bad money drives out good money
A. good drives out bad money
B. bad money drives out good money
C. the value of money varies inversely with the price level
D. gold must be available to maintain the price of paper money
Correct Answer:
Option B – bad money drives out good money
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