This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an economy's exchange rate system is the gold standard and vast tracks of gold are ... (Read 73 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Suppose an economy's exchange rate system is the gold standard and vast tracks of gold are discovered, as is what happened in the United States in 1849. If the economy is at full employment, what should this discovery do?
 
  A) It should lower the money supply and cause deflation.
  B) It should raise the money supply and cause inflation.
  C) It should raise the money supply and cause disinflation.
  D) It should raise the money supply but have no impact on the price level.
  E) it should not change the money supply.

Question 2

Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for laptop computers. Which panel best describes what happens in this market when the price of computer hard drives falls?
 
  A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cici

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


karateprodigy

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
:D TYSM

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

An example of a two-component regulatory system in bacteria An example of a two-component regulatory system in bacteria
Process Flow Diagram of a Dual-Stage Pressure System Process Flow Diagram of a Dual-Stage Pressure System
A clogged PCV system caused the engine oil fumes to be drawn into the air cleaner assembly. This is ... A clogged PCV system caused the engine oil fumes to be drawn into the air cleaner assembly. This is ...
The major divisions of the nervous system. The major divisions of the nervous system.
Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ... Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ...
The Digestive System The Digestive System
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library