Some economists doubt whether the Bretton Woods system could have survived the OPEC and primary product price "shocks" of the mid-1970s and the subsequent stagflation period. What reasons could be used to support this position? Would a gold standard have performed 'better" or "worse" than the Bretton Woods system during this time? Explain.

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The Answer of Some economists doubt whether the Bretton Woods system could have survived the OPEC and primary product price "shocks" of the mid-1970s and the subsequent stagflation period. What reasons could be used to support this position? Would a gold standard have performed 'better" or "worse" than the Bretton Woods system during this time? Explain.

Some Economists Doubt Whether the Bretton Woods System Could Have