Answered: TRUE OR FALSE? Under a gold standard if…

TRUE OR FALSE? Under a gold standard if there is a trade imbalance between two countries, there will be offsetting gold flows, which in turn will affect prices until trade is once again balanced.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: International Finance

Section: Chapter Questions

Problem 16QP

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TRUE OR FALSE?
Under a gold standard if there is a trade
imbalance between two countries, there will be
offsetting gold flows, which in turn will affect
prices until trade is once again balanced.

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