If an economy uses furs as money and the supply is suddenly cut in half, then prices of other goods in terms of furs will

Question

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If the supply of furs, which are used as money, is cut in half, the value of each fur in terms of other goods would increase because furs have become scarcer. Therefore, it would take fewer furs to purchase the same amount of goods, effectively doubling the price of goods in terms of furs.

If an Economy Uses Furs as Money and the Supply