Question 1
Under the gold standard, if gold was flowing from the U.S. to Great Britain, the U.S. would experience all of the following
except
◦ higher interest rates.
◦ decreasing aggregate demand.
◦ higher prices.
◦ falling income.
Question 2
The Bretton Woods system was the major system of exchange rate determination
◦ from the end of World War II until 1971.
◦ before 1914.
◦ between World War I and World War II.
◦ after 1971.