
International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648
International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648 Exercise 2
Under a gold standard of the kind analyzed by Hume, describe how balance of payments equilibrium between two countries, A and B , would be restored after a transfer of income from B to A.
Explanation
According to Hume, under gold standard a...
International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
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