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

Author Question: The Bretton Woods system a. established fixed par values for currencies in terms of gold. b. was ... (Read 103 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


sjones

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
Excellent

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Rutherford's gold foil experiment demonstrating that most of the volume of an atom is empty spa Rutherford's gold foil experiment demonstrating that most of the volume of an atom is empty spa
The Sun is the star at the center of the Solar System. The Sun is the star at the center of the Solar System.
Structures of the respiratory system. Structures of the respiratory system.
Active fuel management includes many different components and changes to the oiling system, which ... Active fuel management includes many different components and changes to the oiling system, which ...
Major muscles of the human musculoskeletal system Major muscles of the human musculoskeletal system
Selected Narrow Sense Heritability (h2) Values for Animals and Plants Selected Narrow Sense Heritability (h2) Values for Animals and Plants
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library