In economics, Gresham’s law refers to a fiscal principle regarding government spending programs to help the poor to promote equality a monetary principle regarding the dispersion of money given to the poor to promote equality. legally undervalued currency will tend to drive out legally overvalued currency. legally overvalued currency will tend to drive out legally undervalued currency. currency debasement of fiat money, but does not apply to commodity money.

In economics, Gresham’s law refers to a fiscal principle regarding government spending programs to help the poor to promote equality a monetary principle regarding the dispersion of money given to the poor to promote equality. legally undervalued currency will tend to drive out legally overvalued currency. legally overvalued currency will tend to drive out legally undervalued currency. currency debasement of fiat money, but does not apply to commodity money.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 15E

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