The Bretton Woods exchange rate system was replaced by a gold standard.

Answer the following statement true (T) or false (F)


False

Economics

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Compared to the United States, minimum wages are ________ and unemployment benefits ________ in Western Europe.

A. lower; less generous B. higher; less generous C. higher; more generous D. lower; more generous

Economics

Discuss why a budget deficit results in a different real interest rate under the Ricardo-Barro effect than under the crowding-out effect

What will be an ideal response?

Economics

In the long-run average cost function, only the amount of capital is allowed to vary

Indicate whether the statement is true or false

Economics

Explain how cigarettes could be called "money" in prisoner-of-war camps of World War II

What will be an ideal response?

Economics