In what year was the Bretton Woods system of currency exchange ...

[ssal]

In what year was the Bretton Woods system of currency exchange set up?
 
  A) 1912 B) 1924 C) 1944 D) 1969

Question 2

Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and wages and prices are rising.
 
  If contractionary policy is used to move the economy back to long run equilibrium, this would be depicted as a movement from ________ using the static AD-AS model in the figure above.
  A) D to C B) A to E C) C to B D) B to A E) E to A

[robbielu01]

Answer to Question 1

C

Answer to Question 2

C

[ssal]

Thank you

[robbielu01]

No problemo