In the 1850s, the Proportion of Silver in the Currency

question 43

Multiple Choice

In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of

• A) the quantity theory of money.
• B) Gresham 's law.
• C) Say's law.
• D) the Walrasian auctioneer.
• E) it violates every known law of economics.

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