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Author Question: All of the following are true of the gold standard except (a) It requires international trading ... (Read 18 times)

HudsonKB16

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on: Jun 30, 2018
All of the following are true of the gold standard except
 
  (a) It requires international trading partners to strictly accept gold payments for imports and exports
  (b) It supported stable and fixed exchange rates throughout most of the 19th century
  (c) It encouraged international trade
  (d) It integrated the U.S. monetary system into the world market

Question 2

According to the classical model, money influences
 
  a. only prices.
  b. nominal and real variables in both the long and short-run.
  c. both nominal and real variables but only in the short-run.
  d. only nominal variables.


jomama

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

(a)

Answer to Question 2

D


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