- Hypothetically, the United States enters another significant recession. How might being on a gold standard, where the Federal Reserve doesn't have the ability to create money, affect the length and severity of the recession? Use the Equation of Exchange as the basis of your response.

Hello, please help me out with this question from my general economics class. I am stuck on how to use the equation of exchange as the basis of this response. Please help me out! Thank you in advance!!