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ollegr [7]
3 years ago
14

The money supply is backed:

Social Studies
1 answer:
dezoksy [38]3 years ago
3 0

Answer:

The money supply is backed: by the government's ability to control the supply of money and therefore to keep its value relatively stable.

Explanation:

If the price index rises from 100 to 120, the purchasing power value of the dollar: will fall by one-sixth.

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