Economics · Macroeconomics

Gresham's Law in economics is related to which of the following statements?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1When prices fall, demand increases.
2When velocity of money increases, inflation increases.
3Bad money drives out good money from circulation.✓
4Good money drives out bad money from circulation.

Correct answer

Bad money drives out good money from circulation.

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Gresham's Law in economics is related to which of the following statements?

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Gresham's Law in economics is related to which of the following statements?

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