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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 66
Which of the following is false?
A) The gold standard will work only when the gold supply increases as quickly as the world's need fo 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 fo 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
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Verified
The gold standard does not require all n...
Microeconomics 9th Edition by Stephen Slavin
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