Money supply and returning the nation to a gold standard

Reference no: EM13694591

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?

Reference no: EM13694591

Questions Cloud

Differences provide a rationale for anti-trust legislation : How does the price and level of output for a monopolist differ from that of a purely competitive firm? Is this due to differences in the cost of doing business? Do these differences provide a rationale for anti-trust legislation? Explain.

How large an investment in the automation project : A hospital would replace five personnel that currently cover three shifts per day. 365 days per year. Each person earns $35,000 per year. Company-paid benefits and overhead are 45% of wages. Money costs 8% after income taxes.

Negotiation between management labor concerning labor wages : Suppose you have a negotiation between management an labor concerning labor wages. Management and labor do well when they each do the opposite of what the other does i.e the best situations for both are: (i) for management to bargain hard (offer low ..

How much would the firm be willing to pay for such a device : A device is invented that would reduce the firm's emissions to one unit for each town of output (e = q). How much would the firm be willing to pay for such a device?

Money supply and returning the nation to a gold standard : 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 countr..

Compute the before-tax equilibrium price and quantity : Suppose demand is given by QD = 100 – P and supply QS = P. If sellers pay a tax equal to 10, what is the after-tax supply? Compute the before-tax equilibrium price and quantity, the after-tax equilibrium quantity, and buyer’s price and seller’s price..

Examples of automatic stabilizers : Which of the following are examples of automatic stabilizers? Check all that apply.

The pervasive problem of scarcity means : The pervasive problem of scarcity means that every society must choose among alternative uses of its limited resources. Society has only so much labor, capital, land and entrepreneurship that can be used to satisfy the unlimited wants of its members.

What can cause a rise in interest rates : In the market for loan able funds, what can cause a rise in interest rates?

User Account

All Pages