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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 27
Circle the letter that corresponds to the best answer. If we were on an international gold standard, _________.
A) inflations would be eliminated
B) recessions would be eliminated
C) trade deficits and surpluses would be eliminated
D) no nation would ever have to devaluate its currency
A) inflations would be eliminated
B) recessions would be eliminated
C) trade deficits and surpluses would be eliminated
D) no nation would ever have to devaluate its currency
Explanation
Verified
Verified
Under Gold Standard, a nation has to def...
Macroeconomics 11th Edition by Stephen Slavin
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