Author Question: After Britain returned to the Gold Standard in the 1920s, the British pound was A) undervalued, ... (Read 39 times)

drink · **on:** Jun 30, 2018

After Britain returned to the Gold Standard in the 1920s, the British pound was

A) undervalued, contributing to a long period of inflation.
B) undervalued, contributing to a long period of recession.
C) overvalued, contributing to a long period of inflation.
D) overvalued, contributing to a long period of recession.
E) value about right, leading to a long period healthy growth with almost no inflation.

Question 2

Which of the following are reasons to suspect spending on education might overestimate human capital investment?

A) Education spending leaves out foregone wages.
B) Part of total spending on education is really consumption.
C) Much human capital investment comes from on-the-job training.
D) all of the above
E) none of the above