Economy

Question

The theory of reducing the amount of money in circulation in an economy in order to drive down inflation, how does it work practically?

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Chinumezi Goodrich Okagbo 7 months 2023-02-23T15:02:00+00:00 2023-02-23T15:02:00+00:00 2 Answers 13 views Beginner 0

Answers ( 2 )

  1. Man_Pikin
    Man_Pikin Expert
    0
    2023-02-25T04:35:56+00:00 February 25, 2023 at 4:35 am
    Reply

    Scarcity increases demand and the theory of demand and supply is such a beast… The more scarce a commodity Is, the more its value and the higher its price in the market. Naira scarcity was meant to help it gain against the Dollar but because Nigeria is messed up already, its not so. Nothing works here…

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Chinumezi Goodrich Okagbo
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