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Author Question: The Gold StandardSuppose the United States and Great Britain are on the gold standard. If there is ... (Read 14 times)

jenniferbaugh1984

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on: Nov 23, 2022

Question 1

The Gold Standard

Suppose the United States and Great Britain are on the gold standard. If there is 0.40 ounce of gold in the dollar ($) and 0.55 ounce of gold in the British pound (£), then the exchange rate is ________.
◦ $1 = £0.40
◦ $1 = £1.38
◦ $1 = £0.55
◦ $1 = £0.73

Question 2

The Gold Standard

Suppose the United States and Great Britain are on the gold standard. If there is 0.25 ounce of gold in the dollar ($) and 0.55 ounce of gold in the British pound (£), then the exchange rate is ________.
◦ £1 = $2.20
◦ £1 = $0.45
◦ £1 = $0.25
◦ £1 = $0.55
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jenniferbaugh1984 on Nov 23, 2022

kaynelson17

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenniferbaugh1984

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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