On August 15, 1971, the United States
A) returned to the gold standard.
B) suspended the convertibility of dollars into gold.
C) provided unlimited dollar reserves to the German central bank to help end a speculative attack on the mark.
D) provided unlimited dollar reserves to the Bank of England to help end a speculative attack on the pound.
B
Economics
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Refer to Figure 14.2. Other things equal, a movement from point C to point B would be caused by
A) an increase in the price level. B) a decrease in the price level. C) a positive supply shock. D) a negative supply shock.
Economics
Without an acceptable domestic currency to serve as a medium of exchange, a nation might try to substitute a more stable currency from another nation.
Answer the following statement true (T) or false (F)
Economics