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Author Question: The Bretton Woods system a. established fixed par values for currencies in terms of gold. b. was ... (Read 30 times)

sjones

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on: Jun 30, 2018
The Bretton Woods system
 
  a. established fixed par values for currencies in terms of gold.
  b. was to be a system of adjustable pegs to the dollar.
  c. expected countries with persistent surpluses to devalue their currencies.
  d. was after the Great Depression in order to end the downturn.

Question 2

How can the Cambridge equation be restated according to Friedman's money demand theory?
 
  a. Md = k(rB, rE, rD)Py
  b. Md = k/Py(rB, rE, rD)
  c. Md = Py/k(rB, rE, rD)
  d. Md = (rB, rE, rD)Py/k


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Chocorrol77

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


sjones

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kthug

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Reply 3 on: Yesterday
Wow, this really help

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