Author Question: The exchange rate system agreed to in 1944, in which the U.S. government agreed to buy or sell gold ... (Read 116 times)

sam.t96 · **on:** Jun 29, 2018

The exchange rate system agreed to in 1944, in which the U.S. government agreed to buy or sell gold at a fixed price of 35 per ounce, is referred to as

A) the Bretton Woods System. B) the gold standard.
C) a flexible exchange rate system. D) a floating currency standard.

Question 2

Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right, but the supply curve shifts more than the demand curve. As a result,

A) both the equilibrium price and quantity of DVD players will decrease.
B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.