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What is the gold standard and very briefly how does it work? 2.Explain what would happen if the U.S. and the U.K. have fixed exchange

What is the gold standard and very briefly how does it work?

2.Explain what would happen if the U.S. and the U.K. have fixed exchange rates, but the U.S. has 10% more inflation than the U.K.

3.What was the Smithsonian Agreement during the Bretton Woods Era?

4.Why didn't the Smithsonian Agreement work?

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