Under the gold standard,
A) no nation had control of its domestic monetary policy, and therefore no nation could control its aggregate demand.
B) the world's commerce was at the mercy of gold discoveries.
C) discoveries of gold meant higher prices in the long run and higher real economic activity in the short run.
D) All of the above are correct.
Correct Answer:
Verified
Q154: Which of the following do most economists
Q155: Because the United States has had substantial
Q156: Under a gold standard, a discovery of
Q157: Under the Bretton Woods system of fixed
Q158: Under the Bretton Woods agreements,
A)the IMF was
Q160: The Bretton Woods agreements
A)established a system of
Q161: Why did the Bretton Woods system ultimately
Q162: To try and stave off a devaluation
Q163: A country with an overvalued currency
A)will have
Q164: Figure 19-2
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