=+ 8. Some economic historians have noted that during the period of the gold standard, gold discoveries

Question:

=+ 8. Some economic historians have noted that during the period of the gold standard, gold discoveries were most likely to occur after a long defl ation. (The discoveries of 1896 are an example.) Why might this be true?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

Question Posted: