Under an international gold standard,
A) a nation's exchange rate is virtually fixed.
B) domestic output and the price level will fall in those nations receiving international gold flows.
C) a nation's balance of payments surplus will be corrected by an outflow of gold.
D) a nation's balance of payments deficit will be corrected by an inflow of gold.
Correct Answer:
Verified
Q134: A nation that imports more goods and
Q135: Q136: Q137: Q138: Under flexible (floating) exchange rates, if the Q140: If the price of British pounds, measured Q141: The basis for the Bretton Woods international Q142: U.S. imports Q143: U.S. exports represent two flows, Q144: The equilibrium exchange rate between two currencies Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) increase the foreign demand for
A) an outflow
