/cdn.vox-cdn.com/uploads/chorus_image/image/62316779/shutterstock_703957714.0.jpg "Isn't Bitcoin's fixed money supply going to create deflationary problems? - Vox")
Isn't Bitcoin's fixed money supply going to create deflationary problems? - Vox
Suppose the monetary authority increases the money supply in order to increase income. In which exchange-rate regime is this expansionary monetary policy effective: a floating-exchange-rate regime or a fixed-exchange-rate regime? Explain.
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