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Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206 Exercise 6
Under the gold standard, if country J imports more than it exports, it has to ship ___________________ to the trading partners with whom it has trade deficits. This will depress country J's ______________, and its price level will _________________.
Explanation
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Country J is on the gold standard. It is...
Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
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