Commodity limit the growth of the money supply

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Reference no: EM13995256

An article in the Economist magazine observes: “One big reason to tie money to a commodity standard would be to limit its growth in order to protect against runaway inflation.” Source: “on Gold and Golden Ages”. Economist, September 11, 2012

a. Why would tying money to a commodity limit the growth of the money supply?

b. Would doing so limit inflation? Explain

Reference no: EM13995256

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