Author Question: Colonialists tried to attract precious metals and coins by raising or attempting to raise the ... (Read 41 times)

CQXA · **on:** Jun 30, 2018

Colonialists tried to attract precious metals and coins by raising or attempting to raise the colonial price of the foreign money. This is called devaluation.

Indicate whether the statement is true or false

Question 2

According to the Keynesians, labor contracts

a. are unimportant for modern labor markets because few worker are unionized.
b. mean that real wages are inflexible.
c. mean that money wages never adjust.
d. imply that nominal wages adjust, but only periodically.