Because the United States was the reserve-currency country under the Bretton Woods system, it could run large balance of payments ________ without ________ significant amounts of international reserves

A) deficits; losing
B) deficits; gaining
C) surpluses; losing
D) surpluses; gaining


A

Economics

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What causes demand-side inflation? What causes supply-side inflation?

What will be an ideal response?

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A. Raise the present value of future payments. B. Lower the future value of current dollars. C. Reflect a higher opportunity cost of money. D. Result in a higher risk premium.

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