« previous next »

Author Question: All of the following are true of the gold standard except (a) It requires international trading ... (Read 47 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
All of the following are true of the gold standard except
 
  (a) It requires international trading partners to strictly accept gold payments for imports and exports
  (b) It supported stable and fixed exchange rates throughout most of the 19th century
  (c) It encouraged international trade
  (d) It integrated the U.S. monetary system into the world market

Question 2

According to the classical model, money influences
 
  a. only prices.
  b. nominal and real variables in both the long and short-run.
  c. both nominal and real variables but only in the short-run.
  d. only nominal variables.


jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

(a)

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Cumulative Standard Normal Distribution Cumulative Standard Normal Distribution
Region’s Culture in International Context Region’s Culture in International Context
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Video: Transcription—A molecular view

For a complete list of videos, visit our video library