7. What is gold standard? What are the causes of the collapse of the Bretton Woods System?

8. Describe the chain of events leading to exchange rate determination for the following cases: (a) An increase in U.S. money supply (d) Increase in growth rate of U.S. money supply

(c) Increase in world relative demand for U.S. products (d) Increase in relative U.S. output supply

9. What is the open economy trilemma? What are the policy implications?

CAN YOU PLEASE ANSWER ALL OF THEM, USE GRAPHS IF NEED AND EXPLAIN THEM PLEASE.