The international financial market moved towards equilibrium under the gold standard due to
A) shifts in exchange rates caused by changes in supply and demand for foreign exchange.
B) changes in interest rates.
C) negotiations among central banks.
D) flows of gold among countries.
D
Economics
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The result of the supply shocks of 1973-1974 was to
A) reduce aggregate output and raise the price level. B) reduce the price level and raise aggregate output. C) reduce both aggregate output and the price level. D) raise both aggregate output and the price level.
Economics
How much is induced consumption?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion
Economics