This assignment is based on the Economists in the Wild episode on Gabriel Chodorow-Reich on India's 2016 demonetization policy in order to crack down on corruption.
In this episode, Gabriel Chodorow-Reich introduces us to his research measuring whether India's efforts to demonetize high value banknotes would have any effect on its economy.
By watching the video and answering the questions below, your students can connect the real world to your theoretical discussions about monetary base vs M1, the quantity theory of money, and more!
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