gold standard ensures a long?run tendency toward price stability because
A) gold is desirable
B) gold is durable and storable
C) the cost of producing an ounce of gold stays relatively constant overtime
D) gold supply is directly related to consumer satisfaction
Correct Answer:
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Q4: The_ is an exchange rate system that
Q5: Whengovernment intervention attempts to reduce for exporters
Q7: gold standard was dissolved in 1973 because
A)
Q8: weak peso is most likely to cause
A)
Q13: European Monetary System is best described as
Q14: characteristic of gold that is most important
Q20: The Bretton Woods system
A)ended in 1971
B)ended in
Q23: Under a fixed-rate system,a country that followed
Q26: Calls for a new gold standard reflect
A)fundamental
Q27: Under the gold standard
A)price levels rose dramatically
B)price
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