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.
Answer: D
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Real GDP can rise at the same time money supply falls if: a. velocity rises rapidly enough
b. velocity falls rapidly enough. c. the price level rises rapidly enough. d. either b. or c. occurs.
Suppose a profit-maximizing monopolist faces a constant marginal cost of $20, produces an output level of 100 units, and charges a price of $50 . The socially efficient level of output is 200 units. Assume that the demand curve and marginal revenue curve are the typical downward-sloping straight lines. The monopoly deadweight loss equals $1,500
a. True b. False Indicate whether the statement is true or false