Suppose Katie has the option to buy a shirt or buy a pair of pants. Suppose Katie purchases a pair of pants. Consider the following statements:…
September 3, 2020
4. if Demands is inelastic which of the following ust happened when price increases?
September 3, 2020

When the world’s economies are on a fixed gold standard and the discoveries of gold do not keep pace with the growing world GDP, what happens?

If world’s economies are on gold standard and the gold production does not keep with growingworld economies, even the money supply growth declines. As money supply also grows at avery reduced…

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