Consider a country Atlantica, using dollars ($) as its currency. If this country sets a price for gold, and then issues currency such that the amount in circulation is equivalent to the value of gold held in reserve, it is said to be following:
a. a gold exchange standard.
b. a gold standard.
c. a reserve currency standard.
d. a crawling peg standard.
e. a currency board standard.
b
Economics
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The SAS curve shifts if there is a change in the price level
Indicate whether the statement is true or false
Economics
A person covered by a generous insurance plan smokes more cigarettes than he does normally. This is an example of a: a. lemon problem
b. moral hazard. c. adverse selection. d. risk selection.
Economics