The Bretton Woods system confronted severe problems in the 1960s, problems which included
A) dollars held by foreign central banks exceeded gold reserves held by the United States.
B) some countries with overvalued currencies refused to devalue their currencies.
C) the increased demand for gold brought about by lifting the prohibition against U.S. citizens owning gold.
D) all of the above
A
You might also like to view...
Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure greater than GDP?
A) J B) K C) L D) none of the above
If the economy is in an inflationary gap, actual income is
A. to the right of LRAS B. to the left of LRAS C. on LRAS D. above LRAS
Government bond:
What will be an ideal response?
A short-run total cost schedule is a ________ cost schedule shifted upward by the amount of ________ cost.
A. total variable; marginal B. total variable; total fixed C. total fixed; marginal D. marginal; total variable