5. Under the gold standard. if Britain became more productive relative to the United States, what would

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5. Under the gold standard. if Britain became more productive relative to the United States, what would happen to the money supoiy the two countries? Why would the changes in the money supply help preserve a fixed exchange rate between the United States and Britain?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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