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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 41
Circle the letter that corresponds to the best answer. Which statement is false?
A) The gold standard will work only when the gold supply increases as quickly as the world's need for money.
B) The gold standard will work only if all nations agree to devaluate their currencies simultaneously.
C) The gold standard will work only if participating nations are willing to accept periodic inflation.
D) The gold standard will work only if participating nations are willing to accept periodic unemployment.
A) The gold standard will work only when the gold supply increases as quickly as the world's need for money.
B) The gold standard will work only if all nations agree to devaluate their currencies simultaneously.
C) The gold standard will work only if participating nations are willing to accept periodic inflation.
D) The gold standard will work only if participating nations are willing to accept periodic unemployment.
Explanation
Verified
Verified
a)
This statement is true because under ...
Macroeconomics 11th Edition by Stephen Slavin
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