Answer the following questions on Economics
Hypothesize how the four functions of money would be missed.
Explain what the immediate effects would be on:
- the rationing of goods,
- employment,
- demand for paper money,
- demand for commodity money (e.g., gold),
- production of goods and services.
Speculate what emergency measures might be enacted to keep the economy running in lieu of having an organized banking system.
Identify and justify any incidents from history that tell us what we might expect if an electromagnetic pulse actually caused the shutdown of all electronic equipment and financial activity to grind to a halt.
Answer preview for Answer the following questions on basic Economics
Words: 2250