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yufeige4 yufeige4
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4 years ago

Question 1.

Under the Bretton Woods system, countries experiencing large and persistent current account deficits were obliged to



▸ devalue their currencies.

▸ revalue their currencies.

▸ expand their economies.

▸ lower their prices.

Question 2.

Under the gold standard, ________ if the country's overall balance of payments remained in balance.



▸ gold would enter the country

▸ gold would leave the country

▸ no gold would enter or leave the country

▸ Both gold would enter the country and gold would leave the country are correct.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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yesimshayyesimshay
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4 years ago
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yufeige4 Author
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#2
4 years ago
This helped my grade so much
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#3
4 years ago
Perfect
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